THE FEDS

Every dip bought has been money made as folks want equities - and the markets are getting a bit over bought.

NYSE- 2300 net winners;

NAZ- 1540 net winners;

NDX- 95 GREEN;

OEX- 90 GREEN;

VIX- down 5.5% and under 40;

Up volume 10X the down;

TRIN- .81;

SPX has run past the SMA 50 at 868 and the RSI (2) level is over 96- oh and the VIX more than 15% below the SMA 10- so lots of sell signals lining up with the exception of the up trend which now appears withe SPX trading over the SMA 50.

So this fish is looking to unload some inventory at/near the end of the day.