etfmsolutions: T6 Bull Still Alive..4.12.12

Friday, April 12, 2013

T6 Bull Still Alive..4.12.12

Nothing seems to hurt this market. North Korea, slumping PC sales, bad employment numbers, factory order slowdowns...so what? It looked like today was going to be the bears' day to shine and gold got hit very hard indeed but the rest of the indices held up and recovered at the end of the day to leave the VIX at 12.06....not bearish.
XLU and XLV have been moving along in step...not the typical leaders for a bull market but that's the way the rankings roll. More earnings reports and guidance next week may dampen the momentum, but for now no one seems to be worried.
I have commented frequently about the low volume that has characterized the bull run up. Here's one commentary that says low volume really means zilch in today's markets.

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