The VIX has upped that string to five consecutive finishes below 20, sending its own 14-day RSI to within spitting distance of being oversold.

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Nike (NYSE: NKE): Shares of the largest maker of athletic shoes and apparel were up more than 5% yesterday, within spitting distance of their 52-week high.

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From a chart perspective, it is a positive that the NASDAQ moved on up to new cycle-highs yesterday and that the Midcaps are within spitting distance of new-high ground.

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On Friday, the VIX plunged to within spitting distance of a fresh annual low, creating a potential oversold condition and giving credence to the possibility of a short-term spike.

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In the 16th century, when it was at its strongest, the Ottoman empire came within spitting distance of Vienna, its power fueled by superior technology and a strong merchant class.

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