SPDR S&P 500 (SPY): Some pretty positive buying showing up,...

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Re: Fox13 post# 49432

Monday, 05/12/2008 10:53:02 AM

Monday, May 12, 2008 10:53:02 AM

Some pretty positive buying showing up, especially on the NDX and RUT...SPX following behind..weighed down by it's large financial component, I suppose. The NDX:CPC ratio had a large spike early on, which has pulled back some..but still predicting some upside.

I am expecting some upside this week, and if shorts cover, it could be a nice run to targets. Then it will be time to re-evaluate. Regards.

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