Replies to post #426 on S&P 500 Analysis & ETF Trading

[kiy]

$LIBOR

[kiy]

Sentiment
This is good and his number is the 1333 level which I agree; I had 1331 focus...I knew it was bearish but not to such an extent as sentiment levels as bad as 2009..."I'd love to see the SPX clear with some conviction that 1,333 area..."... so far happened this week...see IF news for remainder of week can keep us above 1333...
Enjoy

http://www.schaeffersresearch.com/commentary/content/marketobs/3+reasons+to+remain+bullish/observations.aspx?id=111740&cid=obw1&obref=obinsite
Now, I want to stress that these indicators alone aren't reason to buy -- we need to see continued improving price action. In fact, I'd love to see the SPX clear with some conviction that 1,333 area that has repeatedly been holding us back of late. But all in all, the stage could be set for a big summer rally if we can get any good news out of Europe, as sentiment is simply too over-the-top negative here.