Watchlist for Monday

We may test SPY (S&P 500 SPDR) $130-$132 , but nonetheless January will be worth watching and being careful and tentative as trading progresses. The month of January will bring uncertainty therefore we will trade with caution as we await the next trend in the market.

We will keep our eyes on both Gold and Oil, for now we may see a slight bounce on GLD ETF but in the longer term we feel that GOLD will have a considerable drop in the year. Oil may reach $100 a barrel but we think with the bad economy $100 oil is unsustainable for a global economy so when Crude hits $100 we feel that we will be able to short or place puts on Oils ETF and Co.
  
USO (US Oil ETF) 38.11
 
Exxon Mobile XOM near its highs 84.76:

http://stockcharts.com/h-sc/ui?s=xom

http://stockcharts.com/h-sc/ui?s=uso

A good barometer to watch when trading :

JPM (JP Morgan Chase) 33.25 watching this stock shows overall strength of the stock market , when this stock does well the market follows , keep an eye on this stock to see overall strength in the market

UUP (Power Shares US Dollar Index) 22.47 this is the US Dollar Index ETF that trades for now inversely to the market , if there is strength we usually see the market drop keep an eye on the UUP to see where the market is heading

OTC Market

SHKZ (Shaka Shoes) .0022 This stock could see a nice rally as it has seen more volume in the stock in the last few days, with a small share structure we could see .006 range at some point. Look for volume and a possible entry point

Triple zero stocks:

UCPA .0005

UNDR .0007