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Sunrise in NM: Who’s more scared right now?

October 11, 2012 by Cody Willard Leave a Comment


Union Pacific 844 leaves Tucumcari, NM on a Sunrise southbound to Alamogordo in the “Land of Enchantment”

I sure am thankful waking up to a sunrise coming over the Capitan Mountains here in Ruidoso, NM these days. NYC certainly has its beauty too, but I’m not sure you can see a more beautiful morning than what you find in the mountains of southeastern New Mexico.

Markets are up and trying to get some momentum to the upside this morning, but I’m still thinking that the path of least resistance is lower for now. I haven’t asked this question in a while, so let me ask you guys today — Who’s more scared right now, the bulls or the bears?

Send me your answer to support@tradingwithcody.com or post it on the site and let’s see if we can get some insights on how the market psychology is set up right now.

Still not looking to do any trades just now. Better pitches await.

 

 

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Filed Under: Trading

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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