engine smoking ay high rpm

hi i have i 93 teg w/ a b16a and when i get to like 5500 rpm my car starts shooting out smoke i cant tell what color it is but there is a lot of it. my vtec starts at 4500 rpm. i dont know what to do. i did wet and dry compression tests. i am about to do a leak down test. but i just want some input. the psi in each cyl. was 1 2 3 4
119 123 132 125 all in PSI. what should the psi be?