April 20, 2009 April 20, 2009 By charlie In , ,

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

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.