Equities are trading higher along with bonds gold and the EURO- interesting day as the risk trade looks to be on -
The SPX is trading about 5 points below the magic 1130 level which everyone is looking at as the top of the range in this range bound market. EWA/EWC out performing and up about 1% for the day.
Strong sectors- metals, retail, semis, drugs and tech while nat gas, banks, brokers, homies and gaming lags.
VIX- flat near the 21 level;
Gold has broken out to $1,275 and is at all time highs;
Ten year rate moving down and yielding a big 2.68%- TLT +.6%;
RSI 2 levels at/near 97 on most major indexes - so with the over bought levels and the top of the range in the here and now -and with financials and energy lagging - probably time to take stuff off or sell some calls / buy some puts -