Highest close in all Indices...NICE !!!!

All Indices has the same thing going now...a new high @ close...Dow was the last Index to make the grade.....

Today's TAPE was different from other close ? we closed well below high of the day.....many stocks actually were in RED ? a definite sign of market getting "very tired"....

Stocks which closed RED included VXX,AGU,IPI,SINA,RIMM,BIDU,MA,V,
AAPL,LVS,TLM,AMZN,POT,X,GNK,IAG,CIEN,SNDK,FMCN,CYOU,CSIQ....

RSI is "screaming sell"...as per close today as listed below :

Dow 71.07

S&P 500 75.33

Nasdaq 76.39

These are extremely high numbers not matched anytime in last 4 months????

I have seen markets "being pushed higher & higher ONLY to collapse later big time"

I will NOT recommend anything but "daytrading" for traders......

Market has taken away much very quickly in the past......preserving equity has to be high priority NOW......

I have minimum exposure in this market.... lowest since March crash.......

In my portfolio :

Sold GNK

Bought QID @ $ 17.16..Double short on Nasdaq......

Portfolio is APWR,VXX,QID

SO... I have one long APWR & two short VXX & QID....with 20% exposure in this market.....

Canadian $ reached 17 months high trading @ above 99 cents US.....a very bright spot in my portfolio as I have remained short US$......

FUQI was a disaster on accounting issues & lowered guidance Down 37.37% on volume which was 20 times higher than average.......

VIX went to new 52wk low of 16.52... but closed above @ 16.91 Down 4.41%..VXX was down 3.37%

AH Futures are mixed

AH Nikkei & Singapore Down

AH Oil,Gold,Silver Down

AH TSL announced another secondary Down 4.68%...

PS...was tied up with visitors, was unable to post noon BLOG....my apology !!!

BLOG does NOT give buy or sell.

Saleem