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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (42332)12/21/2012 3:11:32 PM
From: Keith Feral  Read Replies (2) | Respond to of 222081
 
I think we're just keeping the market within a rational framework right now. Oil and bonds were slightly overbought a couple days ago, less so today. VIX is opening up an opportunity that everyone has been waiting for to buy stocks with the VIX indicating oversold conditions for the first time in months.

I'd still like to see DXY climb back over $80 to keep some pressure on oil prices. Christmas Eve trading will probably be much to do about nothing. I hope it's a short trading day.