Keybot the Quant flipped long at SPX 1426. The VIX fell thru 15.79 creating further bullishness. Stay alert for a whipsaw at any time especially in these market conditions. Watch VIX 15.79. Further information is found at Keybot's site;
http://www.keybotthequant.blogspot.com
Okay, what just broke?
ReplyDeleteThe VIX came back up but I didn't see anything else.
ReplyDeleteThere it is: 'Fiscal Cliff Deal Unlikely Before Christmas'. Uh, yeah...
ReplyDeleteYep, Harry Reid laid an egg. He said likely no deal before Christmas and the democrats do not plan to provide ideas on spending cuts. Markets trailed lower after that. The circus continues. The VIX above 15.79 provides bear fuel.
ReplyDeleteFOMC meeting tomorrow should add some fuel to the bull fire
ReplyDeleteBPSPX=65.20 which over 64.40. KS, your comments? Thx!
ReplyDelete