Wednesday Wrapup
The short term uptrend grows stronger by the day.
The Bullidex (Bullish Percent Index / Volatility Index) has finally registered some new X’s.
More stocks continue to rise above the 50dma on decreasing volatility.
Finally, an increasing number of stocks are trading at new highs.
Market internals continue to strengthen as an increasing number of stocks are rising with less volatility. With many companies trading at low valuations, unprecedented levels of liquidity, and a psychologically stunned general public, the conditions remain optimal for a rally.