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ssi_SPX500_body_Picture_16.png, S&P 500 Isn’t Giving Up Just YetReceive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

SPX500 –Retail CFD speculators remain heavily short the SPX500 contract, which tracks the fair value of S&P 500 futures. A contrarian view of crowd sentiment leaves us in favor of further gains.

Trade Implications SPX500 – We recently wrote that a pullback in retail selling warned that the S&P 500 could soon turn lower, but that obviously proved premature as the index trades to fresh peaks. Indeed recent selling suggests that stocks can continue to move higher.

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