MIDDAY SIGNALS

Equity markets are trading lower but hitting buy signals if you follow the RSI 2 trading strategy - basically says buy when RSI 2 is at/under 10 when the underlying is in an uptrend - above the SMA 200- that is what we have on most major market indexes today.

Another signal generally worth following is buy the SPX when the VIX is more than 10% above its SMA 10- well that one is no where near hitting as the VIX is at the SMA 10.

So I will probably be buying some EWA SSO DIG - as we get a nice rally next week as the holiday kicks in.