PRE MARKET

Looks like it will remain quiet rest of week.

As stated, ENERGY/OILS for real but only on some pulling back here. Many names extended from the past week’s move.

For the first time in a while, GOLD STOCKS are better. They have been dormant. We shall see if they get going. Supposedly, January a good month for them.

We remain wary of most SEMICONDUCTOR names. Most trading below resistance and the 50 day average.

FINANCIALS pulling back/resting. Look fine.

RETAIL en fuego. Wow…many with crappy numbers but market thinks things improving. Recent gaps to the upside have worked in LULU, KORS and now TIF. We had our doubts.