209 (42%) of S&P 500 stocks are above their 50 day moving average. The Index has been down 5 days in a row and is rallying in the morning session. (as of  Aug 16, 2010)

Stock Market Volatility, indicated by the VIX Index, continues to decline from the high levels reached in May.  Investors are becoming less skittish. (as of  Aug 16, 2010)

The Adjusted Monetary Base is once again moving higher. Chairman Bernanke and the IMF continue to reconfirm that monetary policy will remain accommodative in the face of economic uncertainty. Inflation will take a heavy toll on cash and bonds.  (as of Aug 11, 2010)