Wednesday, 18 December 2013

11am update - Ford having major problems

Whilst the main indexes see minor chop ahead of the FOMC, some notable action is in Ford. Having reduced its 2014 outlook, the stock has snapped lower, and already broken the 200 day MA. There is further near term downside of around the low 14s.

F, daily



*as for the main market, it really is a case of...' see how we close'.

As it is, I'm still bemused at the notion of a policy change before Christmas..and before the Bernanke exits.