Stock picks: BAK
SPY daily: Looks more bullish with the gap of the previous day almost maintained. Cautious bulls may pay attention to the fact that a numbers of indicators which are going into the oversold territory.
SPY 5min: The sales on yesterday was met by steady demands, the pullback was stoped at 128.52 and no second test at this level. That price action made me expecting that the bullish momentum may maintain today
My S&R boxes: [128.55 - 128.86] & [129.65 - 130.26].
My Trade Setting for 1/12/2012
Aggressive Bulls: Buy selective stocks on consolidation or pullback.
Bears: Wait and see.
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