SPXHILO:VIX ($ES_F $SPY $SPX)
SPXHILO:VIX rose 24% to close at 193, the highest measure since September 2008. This signifies the percentage of stocks making new highs is increasing relative to volatility, a change that promotes the likelihood of successful investment.
So long as the uptrend remains intact, I will continue buying stocks and the weakness in Treasuries continues to confirm the bullish thesis. Increasing yields on risk-free long-term bonds implies market participants have opportunities elsewhere, and that the real danger is holding cash.
Still, there is no reason to rush into the market, the SPXHILO:VIX has much room for improvement.