A Day For The Bulls

Today has been particularly good for the bulls.  Let's review.

The market closed decisively above the 200 day MA.

XLE is up a long way from earlier this month, not quite at the 200 day MA yet.

Semis are the most optimistic with a break above the 50 day MA!

Crude has broken through the 200 day MA and looks poised to take a run at the 50 day MA.

And it looks like nearly 50% of you are bullish out their in S&P land.

For all you bears, fret not.
I am still with you in the bear camp as many corporate and sovereign debt related issues need to be resolved before I become convinced that this is a bull market.