NUMBERS

Markets continue to trade higher and they are getting a little over bought in the short term. FTSE closed up 1.6%, DAX +.8% and CAC +.6%.

The 1,540 number (20 day SMA) on the SPX has been noted a few times as resistance and here we go again. Some 2 day RSI numbers:

SPX 92

OEX 92

DJIA 95

RUT 76

NDX 74

COMPQ 80

MID 81

MON 97

POT 99

GS 98

NDAQ 100

NYX 99

KO 99

MCD 97

PEP 97

PG 97

LVS 98

MGM 91

WYNN 97

MRK 98

PPH 96

ABT 99

MTW 92

JOYG 95

BHP 86

FCX 94

SSRI 97

PAAS 97

XRT 91

XLE 92

CNQ 97

RIG 94

XOM 90

XTO 91

MSH 67

SOX 53

SMH 45

HHH 56

VIX/VXO not in sell territory but are trading under their 10 day SMA's.