Are we topping out......?

Indices has been on a tear since end of June, after breaking support we rallied hard and made new all time highs in S&P 500 & Dow.

Let us look @ RSI to see where we may be heading next :

Dow RSI 67.33

S&P 500 RSI 65.12

RUT RSI 63.82

Nasdaq RSI 62.66

As we know that Russell and Nasdaq has not made new all time high, which is a concern, here is the number to get to in those indices :

Nasdaq all time high 5231.94......4.02% away

Russell all time high 1296.00......7.52% away

Dow has some room in RSI and can go to 72 area, but may do a quick reversal.....

S&P 500 also has similar room to 70 area and may do quick reversal from there...

RUT & Nasdaq can also go to 70 RSI ..but those can reach serious overbought condition.....

BUT..the good news is that...it is a stock picker market and many stocks are behaving very well and wants to go much higher.......

ALSO...this is NOT a trading market but an " investment strategy " is the way to go......

This TAPE has the feel of a sustained bull market, which may surprise everyone by making series of new highs....

As Nasdaq has not made a new high yet, it gives us hope that it will make series of new highs first, followed by Russell few weeks further......

In conclusion, it is good to be exposed with maximum exposure, which has worked since February lows with some correction along the way.

On Friday before close, i bought NXPI @ $79.76.

Here is my weighting :

NTES  20.20%

CMG   16.76%

CNQ   15.89%

UA      12.65%

TWTR 12.47%

SBUX  7.13%

VRX    6.31%

JCP     5.84%

NXPI   2.75%

Sincere appreciation to stocktrader_1996 for doing closing recap for two weeks, i appreciated that plus all the BLOG visitors.

BLOG does NOT give buy or sell.

Saleem