The Weak Ahead: More Signs the Economy Is Improving

The market's positive reaction to the FOMC announcement gave the bulls some relief after stocks started off the week by gapping lower last Monday. The powerful rally on Thursday took the major averages above the recent swing highs and likely stopped out some on the short side. The % of both bullish and bearish individual investors rose last week as the bullish% jumped 5.4% to 25.4% which is still well below the long term average of 38.8%. As I noted last week the last week of June is normally we...