The week of the truth

Today the new year in the stock markets is "really" starting, it`s the first full trading week in the new year and the market must confirm that the low volume holiday rally of the last week can be sustained, if that happens this could become a nice short-term rally to trade. However, at the moment we are quit a bit overbought, so the potential for some rest action in the coming days is high. Anyway it should be an intresting week with the volume hopefully coming back in and giving the market some direction. For today I don`t watch to many stocks as I prefer to let the dust settle down a bit before getting more active again. However, two of the names on my list are AMZN and BGC for possible long trades, on the short side I will keep watching commodoities and financials for some intraday setups.