I have been a big advocate of Ford since November. I started to like it in September, as it was turning bullish, but sometimes that stuff can fall apart and you're left holding a bucket of crap. In light of that not happening to me, I decided to wait. Knife catching and bottom calling doesn't work for a lot of people and typically, I'm one of them.
Bret Kenwell's blog
Over the last week the VIX has fallen over 33%, which is good and bad for bulls and bears. Bulls have enjoyed a nice ride, but bears about to get their share of fun too. On Friday, the VIX closed below $14, a mark I watch very closely. While perhaps it won't pan out, it is a very accurate gauge on what the S&P 500 will be doing in the next couple of days or weeks.
It's been a while since my last blog entry, but you know how it gets right? Holidays, trading the sorts. There's been a lot on our plates these past few weeks and damage control was an important factor -- and remains one -- as the Fiscal Cliff still dangles in our mind. Many of the 'skilled' traders I have been talking to are unloading on this nice bump.
Since the Presidential Election, nothing has mattered more or received more press time than the 'Fiscal Cliff.' Forget just those who heavily day trade or even casually invest, anyone with a ears, eyes and on planet Earth has heard of it. The White House and Congress must come to some sort of agreement by the end of 2012, or else. What's or else?
Opening Bell. I currently have an article on Seeking Alpha that has been pending for 22 hours. It's about why I think the 'Fiscal Cliff' will be resolved. If you are truly interested you can check it out when it's released, but I just think that the markets are obviously pricing in a resolution. I mean look at the price action!