All Indices @ or near record levels..RSI too HIGH...

Indices are @ or near record levels as expected.....

IS Friday the-day to lock profit & start defensive strategy...I believe YES......

Nasdaq @ series of record close.....

S&P 500 to cross 1150.....

Dow could touch its old high....

RSI flashing Sell signal based on 4 month trend......

Here is the RSI read @ close :

Dow 65.21

S&P 500 69.99

Nasdaq 75.13

Volume today was below average....sign of TIRED market......?????

VIX closed @ 18.06 down <2.75%>....BUT VXX closed UP.80% on huge volume of 6.47 million shares...which IS a contradiction....?????

No matter what you decide to do ....make sure you ARE comfortable with your OWN risk tolerance.....currently in my analysis RISK to REWARD ratio is NOT good @ all.......

AH POT raised EPS guidance stock UP AH $8.79 or 7.52%...other AG stocks also UP in sympathy....

AH Futures are small RED

AH Asian markets are UP

AH Gold,Silver,Oil UP.....

BLOG does NOT give buy or sell.

Saleem