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.

Nothing New To Report

The market made some moderate progress, nothing too exciting. Short term the trend is up, long term we're still looking grim.

Top Five Twitter Tickers

RIMM will take months to repair, and I have no love for their products.

Google barely budged today, and as much as I love the company, the stock is shit.

People who won the C game bailed early, but it might push to 7.60 before collapsing in half.

Another terrible tech stock. Macs are lame, Jobs will die, Vista will PWN U!

SKF gets more attractive each day at these levels, but the tide has yet to turn.

Long term caution is advised as this is a deadly rally for optimists and bottom pickers.