Indices up just shy of today's highs, still UNDER key resistance, but we've seen some definite uptick in Yields today following through on recent stabilization which should be good for Financials- For now, Financials along with Materials, Industrials and Cons Discretionary, are all higher by 0.60-0.80% on the day, while only Utilities and Telecom are experiencing losses- Breadth is about 2.5/1 positive while volume almost 3/1 into Advancing issues. Key developments today technically thus far are the rollover in Treasuries while US Dollar starting to make upside headway vs Yen, both of which are mildly bullish developments. Markets still look to be UNDER initial areas of resistance and SPu6 could get a bit over 2140 before even a temporary stallout- Top performing stocks today: WYNN, FCX, ADS, KMI, AAL, TXT, SWKS, AA, while on downside: CHRW, MUR, RIG, NEM, CTAS, NFLX, all down more than 1.5%. Let me know if you have any questions.
Bond yields starting to show a few signs of trying to turn up- 10yr yield shown above
S&P still under initial resistance above 2140 and for now, prices unlikely to stall too much until they get over that mark into Tuesday/Wednesday