Daily Market Snapshot
Markets reverse big time.
Measures Fear & Greed
|Volatility as measured by the VIX dropped way back down.|
We are very quickly approaching the Safe Zone again.
Market Direction Model
|Market in Confirmed Uptrend|
Late last night: In the eleventh hour Congress brings us back from the brink. A Fiscal Cliff deal has been struck. Consequently, futures are up strongly world wide. Our Market Direction Model has been upgraded to Market in Confirmed Uptrend. In other words, it's safe to go back in the water.
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