Stock Trader Larry

Hints of Risk Appetite Returning to the Stock Market?

I would be careful to place too much weight on the fact that:
"We're also seeing an increasing proportion of stocks--nearly half across the NYSE--trading above their 50-day moving averages".
That is to be expected when coming off of historic lows in a market which has been trending down rapidly for the last 90-100 days.
It doesn't take that much money and greed that has been sitting on the sidelines for so long to reach the 50 day MA in a down tending market.
Take a look at the chart the last two times the same level was reached, in April and August of 2008. Those were short term tops in the market and quickly reversed.
Be careful out there!