The Weekly Fed Credit Delta is a Massive +$29.943 Billion

The weekly (five day period ending 3-17-10) Fed Credit Delta is a massive +$29.943 Billion, see http://www.federalreserve.gov/releases/h41/Current/,

which is a very bullish indication. Keep in mind that this is one indicator,

SPX (S & P 500) is very overbought now, and, this very bullish indication is

somewhat factored in already.