First Week of January

I usually avoid short during this time because of the institutional money pouring in.  It doesn't mean the market can't go down, but I don't like playing for downside so early in January.  Next week, it is a different story.  ADP employment numbers were blowout, but the market has already given up the pop on that number in premarket.  This market looks like ripe for a pullback, perhaps another European mini panic attack.  Ahead of tomorrow's nonfarm payrolls, I will let the bulls roam, next week I will be looking for shorts if we are between 1265-1280.