Smoking Securities

Half Baked High Finance

Wednesday Wrapup

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The short term uptrend grows stronger by the day.
The Bullidex (Bullish Percent Index / Volatility Index) has finally registered some new X’s.
More stocks continue to rise above the 50dma on decreasing volatility.
Finally, an increasing number of stocks are trading at new highs.

Market internals continue to strengthen as an increasing number of stocks are rising with less volatility. With many companies trading at low valuations, unprecedented levels of liquidity, and a psychologically stunned general public, the conditions remain optimal for a rally.
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Written by chucklesamadeus

November 26, 2008 at 10:03 pm

Posted in BPSPX, SPXA50, SPXHILO, VIX

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