Follow by Email

Thursday, December 18, 2014

VIP retrace down and Taking Another Stab

With RSX and TRF stabilizing, VIP's price retrace looks attractive. I have started another small position in it. Beware! Halloween and Thanksgiving day had both been trigger to significant event and this Xmas Eve may also be a possibility going into the year end. I believe the powers that be may help the market til the 25.  Long the USA Domestic stocks, the blue chips that is unaffect by the OIL crash, may be good defensive plays for the end of year window dressing. I.E. GE is a blue chip but it has quite a bit of OIL related business. I would avoid that.

No comments:

Post a Comment