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What 2013 Could Bring for Gold, Apple, Bank of America, and More


From T3's Scott Redler, some key predictions about next year's markets.

There are several clues I will be looking for in January to help navigate the market. Will we get continued strength in the banks? Bank of America (NYSE:BAC) has emerged from the ashes and is leading the sector with an explosive move in December. I think Bank of America can get to $16-18 this year.

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One factor that could limit the banks' upside in 2013 is the growing consensus that they will not be able to turn back many components of the Dodd-Frank regulation. The latest version of the Volcker Rule is expected to be more restrictive of bank trading activities and might now allow broad hedging of bank portfolios. Perhaps the new environment in the financial sector will be a positive, though, and investors will be more comfortable buying bank stocks knowing they are not taking on massive risk.

Apple (NASDAQ:AAPL) is also a very interesting case. The market has been able to hold up reasonably well despite AAPL's persistent weakness over the past few months, which can be viewed as a positive. Banks deserve the most credit for picking up the slack. However, I will feel much more confident about the market if AAPL can return to its old self. If the stock breaks and closes below $501-505, the next support area isn't until down in the $420-440 area, and it remains to be seen how the market would handle that type of plunge.

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Scott Redler is long BAC, YHOO. Short SPY.
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