April 30, 2009 April 30, 2009 By charlie In , ,

S&P 500 Bullidex ($ES_F $SPY $SPX)

bpspxvix090430The S&P 500 Bullidex rose 4.99% to close at 187, indicating a fall in volatility relative the the percentage of rising stocks. This is a positive signal for investors as the odds of successful investment are getting better.

On the other hand, the Bullidex remains below the recent high made on April 17th, so the sustainability of this uptrend is suspect.

I’ve been enjoying the rally, GMCR being the biggest hit I’ve had in over a year. Check out this screen to find similar leaders in today’s market.