Hello Everyone,
Basically a consolidation day for the major indexes. We continue to monitor the daily VIX (which has strongly pinching Bollinger Bands), and today the 10-year Yield broke out and this is something that has to be closely monitored as well. Precious Metals and related stocks (GDX, SIL etc) has nice moves late last week, however they gave a lot back today. The US Dollar and strong 10-year is not helping this sector. High Yield Corporate bonds are also underperforming realtive to the general market
PS: Steve Nelson is out of town until the weekend
Matt
