A very enlightening read, well worth the effort and time to reach the end. The article is taken from a site called short - I highly recommend adding it to your favourites list.
Recent Changes at the Margin Suggest Bulls May Be Gaining Ground May 24, 2014 by Chris Puplava
Summary There are times to be agnostic towards the market and not beholden to either the bull or bear camp. This often occurs when investors are dealt a weak hand with a large number of conflicting signals. It is probably best for both the bears and the bulls to go easy until the weight of the evidence leans more strongly to either camp. The bears have a loss in financial liquidity to support their case while the bulls have solid economic data and strengthening bank liquidity at their backs. Given the riskiest areas of the market like the Russell 2000 small cap index and the NASDAQ have shown the greatest declines with the loss in financial liquidity, should these areas show further stabilization and then advance that would suggest the bulls are gaining the upper hand. Given the NASDAQ has reclaimed its 50-day moving average and the S&P 500 closed above 1900 for the first time (while credit default swaps on junk bonds improved significantly this week as well) it appears risk appetites are building again. Will the bears be forced to cover their shorts and head back to their caves? We shall see.
OEX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
