Currency/Credit

 High Yield Corporate is trading below yesterday's close, it has no interest in this move.

 UUP shows the market is up against the $USD correlation, again this looks like an artifically lifted market so it can be sold in to.

The lack of correlation with the Euro makes it easier to see the dollar's strength which should normally pressure stocks.

Like we saw the last two bounces, they both saw accumulation, but both rallied against all correlations, were sold off at VWAP and failed.