CLOSING SIGNALS

The market jumps in the last hour gaining back about 50 DJIA points and the internals improve to 2k more losers than winners from an earlier 3k reading.

Sectors in the green included homies, metals and oils while the losers included GOOG(down 11 points), airlines, semis, retailers, trannies, tech and internets.

Closing prices aren't giving much in the way of signals as the VIX/VXO duo close near their 10 day SMA's; SPY QQQQ IWM all close with 2 day RSI readings under 50 but not oversold enough for buy signals; OIL ETF's giving sell signals with 2 day RSI readings near 90 but my plan is to sell XLE August calls if prices rise and buy more XLE if prices fall to RSI readings near 20.