From Space Weather:
FIRST METEOR SHOWER OF 2012: The annual Quadrantid meteor shower peaks on Wednesday morning, Jan. 4th, when Earth passes through a narrow stream of debris from a comet thought to have broken apart some 500 years ago. The shower is expected to be strong (as many as 100 meteors per hour), but elusive, with a peak that lasts no longer than a couple of hours. The shower’s radiant near Polaris favors observers in the northern hemisphere. Images, live audio from a meteor radar, and more information are available on today’s edition of http://spaceweather.com.
Polaris is, of course, the “North Star”. Pretty easy to find if the sky is clear!