Smoking Securities

Half Baked High Finance

S&P 500 Bullidex

leave a comment »

Calling bottoms ain’t all that easy, that’s why I watch percents and volatility.

bpspxvix090312As stocks rise and volatility falls, this chart moves up and is good for the longs.

The first X we’ve seen in a month, the bulls have momentum, I’m in the run. The news will confound you, GE’s ratings and all, but that’s noise in the stands, keep your eye on the ball.

Something significant, this chart did not hit bottom, despite 12 year lows, it’s looking more solid. The short trend is up, but buyers beware, volatility is high, so position with care.

I don’t want to say we’re out of the woods, but that’s how I feel and I’m buying what’s good.

Advertisements

Written by chucklesamadeus

March 12, 2009 at 3:55 pm

Posted in BPSPX, Bullidex, VIX

Tagged with , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: