MORE SIGNALS

Markets getting a little stretched to the down side but the rising rates are becoming a bigger problem than I anticipated as they keep moving higher.

The 2 day RSI's on the major indexes as follows:

DJIA 4

OEX 4

SPX 5

RUT 6

MID 7

NAZ 6

The VIX/VXO both way over 110% of their respective SMA's:

VIX 15.86 and 15% over.

VXO 16.07 and 20% over.

Advance /Decline lines also getting into oversold territory as today is the third day in a row where the decliners lead advancers by a 3/1 or better ratio. That probably can't continue much longer.