BUY EVERYTHING

If you like to buy high and sell higher, today was your day, of course it hasn't happened often but just about everything happens once in a while. Seems like Joey B. is back calling for NAZ 7,500 again, oh well.

The CPI number is tomorrow and the question becomes who wants to be long or short in front of it. My answer, not me, I will be on the sidelines with the anticpation of fading whichever way it goes, but that is a long way away.

As I mentioned a few times, the VXO/VIX tandem are very overbought, lower by about 8%, giving strong sell signals. Also sell signals with the overbought 2 day RSI readings of over 90 on SPX QQQQ etc.

Big cap Small cap update- IWM+2.1%, SPY+1.3% and DIA +1.1%. Big Cap buyers, hang in, when the markets head lower, the big caps will outperform.