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IBDvalueinvestin (99.64)

Don't Fear today's drop VIX is indicator of Fear.

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January 13, 2012 – Comments (2) | RELATED TICKERS: TNA , SPY , VXX

and today's indicator says don't be worried about today's drop in the market. If it were something to be worried about the VIX would be up off the charts.

Buying chance on some stocks you missed out on earlier is what today is all about.

2 Comments – Post Your Own

#1) On January 13, 2012 at 11:14 AM, IBDvalueinvestin (99.64) wrote:

You see , market rebounding after being down -145 and now only  -95, there is no way many shorts don't cover prior to a 3 day weekend.

There is way too much risk and margin interest for many of them to  want to stay short over the weekend.

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#2) On January 13, 2012 at 4:15 PM, SultanOfSwing (99.04) wrote:

That was a dramatic reversal this morning.  I think it signals strength in the markets and a continuation of this rally.  We'll see how much or how little doubt creeps in over the 3-day weekend.

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