Friday, December 28, 2012

FISCAL CLIFF



Last couple of days have been very volatile in the markets. All this talk about fiscal cliff has the markets going up and down like a mad man. Democrats not budging and republicans not giving way either has the market in a tail spin. 

Of course with volatility theres trading opportunities . Last 2 days have been very good trading for me. I was cautious and did a lot of trades that were all winners or break even. In the end I came way up. 

I believe in the end they will come up with a middle ground and the markets will stabilize and go up. There is a big gap on the chart to the upside that needs to be filled. With the year ending and the markets thinning, the moves will be more exaggerated.

I'm hoping or wishing 2013 brings a lot of volatility to the markets, for a day trader theres nothing more better than a volatile market.

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