S&P 500 Bullidex
Calling bottoms ain’t all that easy, that’s why I watch percents and volatility.
As 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.