INDICATOR UPDATE
Just wanted to put together a little summary of where our 2 day RSI's are for our Index ETF's and update the status of the Volatility Sisters in relation to their 10 day SMA's as of todays close:
QQQQ 41.54 2 day RSI 71
IWM 74.1 2 day RSI 86
SPY 130.39 2 day RSI 61 (adjusted for dividend)
DIA 112.69 2 day RSI 87
VIX 11.8 10 day SMA 11.95 NO SIGNAL
VXO 11.04 10 day SMA 11.61 NO SIGNAL
VXN 15.83 10 day SMA 16.58 NO SIGNAL
Bottom line is that there is not much to do right now although I am holding long QQQQ V short SPY.
QQQQ 41.54 2 day RSI 71
IWM 74.1 2 day RSI 86
SPY 130.39 2 day RSI 61 (adjusted for dividend)
DIA 112.69 2 day RSI 87
VIX 11.8 10 day SMA 11.95 NO SIGNAL
VXO 11.04 10 day SMA 11.61 NO SIGNAL
VXN 15.83 10 day SMA 16.58 NO SIGNAL
Bottom line is that there is not much to do right now although I am holding long QQQQ V short SPY.
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