Risk Asset Update

 High Yield Corp. Credit...

 A longer view in which HYG is actually worse than the scaling shows as it didn't make a new high with the SPX at the red trendline.


 The high Yield Credit, Junk (JNK) on yesterday's sell-off

 JNK longer term as well with the same issue as HYG.

 $AUD


 Euro intraday seemed to get this party started, it's definitely  lost momentum. Over the course of history with FX legacy arbitrage, there's few times when the SPX and Euro or $USD don't revert to the mean, long term reversion to the mean is below.

 Euro/SPX

 The same has basically been true of commodities as a risk asset, but I think China is in more trouble than most realize as the port of Hamburg data showed this week.

 Energy intraday momentum v SPX


 Energy at major resistance, this is the pivot we are looking for, they're going to have to mke it scary though to get volume back in the game.

 Financials intraday have stalled v SPX momentum

 Again major resistance and the recent pivot, the big picture target is still the ascending wedge and a retrace of the base, ($11.50 area).

 TECH had a hot start, but is also cooling off here.

 Tech's pivot above major resistance, this is major resistance, still volume is really pathetic.

 Oddly TLT is moving intraday against the SPX -3 min chart.

Also another one of those leading positive moves in UVXY, I also find it a little strange it hasn't made a lower low today and is holding support.