Wednesday, January 13, 2010

Re Entering Short S&P 1147

Bullish sentiment continues to increase as measured by both the weekly II data and a Bloomberg survey. II said Bulls rose to 53.4 from 48.3, the highest since Dec ‘07 while Bears fell 1 pt to 15.9, just shy of the lowest since Apr ‘87.

Bloomberg said bulls on the US market rose to the highest since ‘07.