Pre-Market 1/16/2013

Futures are down a bit this AM, despite very good earnings reports from big financial houses such as GS and JPM.

There is an old saying that the retail investor (AKA: Dumb Money), opens the market, and the pros (AKA: Smart Money) closes the market.  We are retail investors, but we don’t have to be easy targets!

If you have cash to deploy, you may want to wait until the afternoon to see how the market settles after the important earnings releases have a chance to impact.

The market remains in an uptrend, pick your stocks at support, start small, make sure you have a point defined to exit if the market turns.

Check in later for more.

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