QQQ

Q's are making 10 yrs highs here. Good shot Visa moves higher also. Watching 1309 maybe 1313-14 area for some heavy resistance.

1309

1309 is the 78.6 Fibonacci number to watch on this move up in the markets.

ZOLL- Update

Stop should be on this here around $65 so just a $1-$1.50 risk on this. Think we can get to the $70-71 area where i would be taking profits.

Good Sign

The futures are going gapping up showing we heading for a positive open. One of the things I look at in the first week is volume and price movement especially in the leaders from the previous year. Stocks likes APPLE have been strongly moving upwards and this notes a strong underlining market if we do get positive news. this morning futures are moving on the positive news from Alcoa and more than likely I would not expect us to sell off this gap up. Yes it is an hour before the open but this is a trend and we must respect it. If we do it would be a buying opportunity more than a chance to sell. We will see soon enough. I have some stocks on radar to go long such as CLR (74.30) AND ZOLL (66.20). The year has just begun and a lot of opportunity will be on the horizon.

RHT

Red hat looks like a short here @ 42.80. i would use $45 as a stop

Waiting

I like to always wait the first 5 days of the year for the cash to settle in at the beginning of the year. I think we will break out here soon, either we goto 1330 area or 1242. If I know which way I would express it but as of now I am not getting any signals but we are awaiting a break out.

$5 a gallon predicted by analyst- Hmmm

BALTIMORE (WJZ) — Five dollars a gallon for gas? Analysts say it could happen this year. Monique Griego has more on why gas prices could soon explode. Just this weekend, the president signed new sanctions against the country of Iran. Now, Iran is firing back with a threat that could send gas prices higher than ever. Prices at the pump already have drivers in pain. “I can barely afford it now,” said one driver. “Three dollars a gallon…I mean, five dollars gets you what, a gallon and a half?” said another. But if Iran follows through on a threat to shut down one of the world’s most important oil routes, analysts say prices here could skyrocket by summer. “If it gets to $5, that would be hurting the pockets very bad,” said Paul Rozanski, Severna Park. Threats of five dollars a gallon has Rozanski reconsidering his ride. “I just like the SUV because of the wintertime, but definitely in the summertime, get another car. Get a Prius or something,” he said. In just the past week, gas prices have gone up nearly seven cents and there is no sign of them coming down any time soon. According to AAA, the average for a gallon of regular is $3.25, compared to $3.07 this time last year. “Iran’s saber-rattling. I think that could have an impact,” said Pete Horrigan. Horrigan, who’s with the Mid-Atlantic Petroleum Distributors’ Association, says he won’t go as far as five dollars a gallon, but does expect prices to go up. “We certainly have enough issues going on in the world and in this country that it could certainly be higher,” he said. “We’ve been fortunate in this country because in European countries, they’ve been paying a lot more than that for a long time.” Many drivers are now hoping that good fortune holds out. The U.S. penalties against Iran don’t take effect for six months and even then, the president can waive them for national security reasons. The European Union is also considering new oil sanctions against Iran.