Wednesday, January 2, 2013

Fiscal Cliff Disaster Averted - Markets Rally

Daily Market Snapshot

Markets reverse big time.

Chart View

Woody Indicator
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.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

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