SELL SIGNALS?
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Markets maintaining the midday mojo - as SPX +36 and NAZ +75 yikes - a good day for the bulls - lets see the close?
Strong areas- gaming, financials, brokers, reits and energy- laggards- metals, ags, bonds and utils.
NYSE- 2580 net green;
NAZ- 1855 net green;
NDX/OEX- 95+ GREEN on each;
VIX- down 11% at 44;
Almost all volume is up;
Crude sinking a bit and now in the red at 46.88;
Next area of resistance per Carter at 715 but per the fish at 723/724 (recent highs)-
RSI (2) levels at near 80 on major indexes and the VIX about 9% below the SMA 10 - sell signals starting to appear but probably not today's business.
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