The market continues to rally as the Fed lowers key lending rates. Rate cuts are having a negative effect on US bonds relative to foreign ones. Up volume significantly outweighed down volume, continuing the bullish theme. More stocks are trading above their 50dma on lower volatility. New highs are becoming more prevalent as this index…
Fortune favors the bulls as the rally continues. More stocks are getting bullish and the volatility is dropping. Stocks above the 50dma are increasing, but we don’t have a confirmed trend. There are an increasing number of stocks making all time highs, but it’s still meager. The spread between short and long term volatility is…
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…