Maybe, just maybe we are getting a head fake move right now...

Like I said, you have to pay extra attention on dull days...

 The market is making a bit of a breakout move, yet High Yield Credit is selling off to new lows on the day.

 So are Rates.

 Here's the kicker, the Euro didn't start this move, so if this is an upside breakout and the Euro doesn't respond, it could very well be a head fake in which case I'll be checking BAC/XLF next.

And here's good reason, Financial momentum has fallen off.