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Yesterday, on Black Friday, we saw a nice relief rally in the markets but the cynic in me says it won't last. The markets have room to go lower and everybody's wondering if Santa Claus will skip Wall Street this year. The initial results from my S&P500 Volatility model is showing elevated volatility still remains and any news on more subprime write downs would be sure to push the index lower. I'm not a buyer at these levels but would get very interested in BUY signals below 1400.
Check my members section tonight for my full S&P500 Volatility Timing report. It's still free to signup but not for much longer.