SELL MORTIMER SELL

Rally getting a little extended here and selling more longs- QLD /SSO- not looking to short as this market looks plenty dangerous for those folks.

Strong sectors include semis, oils, brokers, reits and shipping while utils, drugs, biotech and telecom lags.

NYSE- 1700 net green;

NAZ- 1200 net green;

OEX- 60 GREEN;

NDX- 70 GREEN;

VIX- lower by 2.5% at 38.2;

Up volume almost 4X the down;

Ringing the register on more 2x ETF's as this move up looks unsustainable in the short term- RSI (2) indicator back to the 90 level on most major indexes- so dumping but not going short.