MORE NUMBERS

Markets rallied Friday and yesterday on the heels of some good news out of the ratings folks on MBI and ABK. In light of the rally, the SPX has moved closer as a percentage to its 50 SMA than it has been since December 31, only about 1.6% below.

Volatility indexes have of course moved lower and now most are trading in over sold territory near 9% below their 10 SMA's.

And if your one of the traders that looks at volume, well nothing good there as the rally of the last two days has come up light with about 1.45B shares traded.

RSI (2) levels after yesterday's close:

SPX 84

DJIA 86

RUT 80

MID 87

BKX 76

XBD 83

BTK 78

CMR 86

DRG 89

HUI 84

OIH 84

RMZ 87

HGX 86

RLX 84

SMH 82

TRAN 83

XAL 36

GOLD 28

SILVER 99

SPX Materials- 89

SPX Energy- 84

SPX Financials- 72

SPX Industrials- 85

SPX Tech- 76

SPX Staples- 76

SPX Utilities- 62

SPX Healthcare -83

SPX -Consume Disc- 79

EWA 94

EFA 95

EWH 59

EWZ 96 (up over 5% in 2008)