Looks like the market is working off some of its overbought technical conditions. I would give the market till this weekend to see where we are. Most fund managers got their new funds and put in to work last week so for me the first week of the year trade is NEVER a trend indication.
So tomorrow is the big announcement- Iphone on Verizon, best network having the top selling phone should be interesting if it is 4G-LTE compatible, if it is I expect it to be a huge seller.
The sprint and T-mobiles of the world will have a serious task on their hands if it is so, make sure you watch those stock as they will be in place from this announcement.
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