S&P500 10 Day MA Record High Percent Index:Volatility Index $SPXHILO:$VIX ($ES_F $SPY $SPX)

SPXHILOVIX090514The SPXHILO fell relative to the VIX, indicating fewer stocks are trading at record highs as volatility rises. As the number of stocks making highs wanes, the odds of profitable investment decrease. I’m still selling leveraged ETF’s like FAS/FAZ BGU/BGZ TNA/TZA, but I’ve been taking my long positions off the table.