Smoking Securities

Half Baked High Finance

S&P 500 Bullidex ($ES_F $SPY $SPX)

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bpspxvix090417On Friday the Bullidex rose 9.78% to close at 194.4, breaking the January highs! The uptrend remains intact as the bears get skinned by some ballsy bulls. There is no reason to bet on a pullback until there is some evidence of weakness. Volatility remains in a downtrend and there is an increasing number of rising stocks, providing more ammunition for buyers.

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Written by chucklesamadeus

April 20, 2009 at 1:00 am

Posted in BPSPX, Bullidex, VIX

Tagged with , ,

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