Smoking Securities

Half Baked High Finance

S&P 500 Bullidex ($ES_F $SPY $SPX)

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bpspxvix090506

The S&P 500 Bullidex rose 6.26% to close at 227.4 as volatility fell relative to the number of rising stocks. This is a positive sign for investors as the investment environment grows increasingly favorable in terms of stability and odds.

The bull market that began on March 10th continues to skin bears alive, and there is no sign of waning momentum. It is said that bears charge down the slope of hope and bulls climb a wall of worry, and if today’s Drudge Report title link is any sign “Need Billions and Billions More“, the mainstream remains worried.

Don’t fight the tape by anticipating trends, following the path of least resistance is the way to profit in all markets.

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Written by chucklesamadeus

May 6, 2009 at 11:06 pm

Posted in BPSPX, Bullidex, VIX

Tagged with , ,

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