A couple people have written in predicting that markets will roar higher next week. Could be. But these 2-day RSI numbers suggest that uninterrupted exuberance might not necessarily be in the cards. Here are the major indexes:

• DJI - 90.27
• SPX - 95.16
• NDX - 96.80
• RUT - 96.19

And, for those who care, their corresponding ETFs:

• DIA - 91.64
• SPY - 97.75
• QQQQ - 96.42
• IWM - 99.76

As you may already know from our last portfolio review post, we have a couple open positions in IWM, so that 99 handle is a teensy bit reassuring, as these things don’t tend to stay overbought forever.