Risk Asset Layout

Basically I'm looking for deterioration overall today, but especially in to the afternoon; CONTEXT is showing deterioration in to the afternoon upside, so are many of the risk asset indicators.

 CONTEXT is not only ugly on he day, but on the second run in the afternoon.

 Commodities are totally falling off on the second run, this is what I was hoping to see.

 HY Credit isn't making higher highs anymore, now it's making lower highs/lows and in to the afternoon price move.

 High Yield Corp Credit has just gone flat and refused to make higher highs with the SPX.

 The $AUD is starting to diverge negatively in the afternoon as is the Euro below.

 Euro

 Energy is the only sector looking pretty decent right now of the 3 main sectors.

 Financial momentum is way off.

 As is tech.

 Intraday sector rotation is seeing Financials , Basic Material, Industrials and Tech all leak off, only Discretionary is up other than a few defensive sectors like Utilities and Staples.


Sectors since yesterday make sure to compare now to the open today. Energy is the only real standout, other than defensive sectors.