VDX Updates for SPY, XLU, FXI and XLF...11.07.15

This week's VDX updates show that SPY is still overbought, XLU has crashed to long term support levels (down 3.5% on Friday) as a result of heightened expectations that the FED's will raise rates in December (now 70% per the CBOE Fed fund tracker). FXI is or is not on a verge of a breakout, and I've included XLF (SPYDR Financials) to further support expectations for a rate hike.  Virtually all the large financials opened up 1% or more on Friday based on the bullish employment reports and the banks are savoring a rate hike that they can pass on to the public to help pump their bottom lines.