Profunds index and sector trading

[Namiar]

Doing some scenarios for tomorrow. This 5 straight days of up so far has resulted in medium-to-deep overbought signals on the OB-OS indicators.

A modest up day tomorrow (10-15 NDX points) with 2-1 Up-to-Down internals ratios will put me into Bull mode, but at a severe overbought point. For example, NAMO is now at +40. A day as I describe will push it over 50.

And looks at RSI5 at 80.

It may be prudent to lay off the longs.