SIGNALS

Well if you try to buy lower and sell higher, today may be your day. Buy signals have hit the DJIA with a 2 day RSI reading of 7 and even the volatility index buy signals have triggered.

The VXO is up over 10% and now trades at about 11% above its 10 day SMA. Another Conners Volatility index buy signal is when the 5 day RSI on the VIX/VXO trades above 70 and that has also hit.

Lots of bearishness on TV as Pisani et al worry about rates, European markets and chances of a Fed rate increase. Me, I will just follow the signals and let taut TV be bullish higher and bearish lower.