THE NUMBERS

Just a heads up that the VIX/VXO/VXN trio are all more than 20% below their 10 day SMA's and giving what has historically been a pretty good sell signal. Two day RSI reading also in overbought territory as follows:

SPX 76

OEX 80

DJIA 85

MID 72

RUT73

COMPQ 81

NDX 82

Not saying the markets are in for a big collapse- just the thought that next week will probably give a better buying opportunity. Always funny how 1,000 DJIA points lower everyone was scared and buying the dip was the last thing in the plan. Today, BUY EVERYTHING. Well not me, not now, I am way net long and do think the markets are going higher, just think a better opportunity next week.

And don't tell anyone but the NDX has now made the round trip and has retraced about 99% of its high to low back to high.