Leading Indicators remain on trend

High Yield Corp and High Yield are both still lingering near the lows of the day for the second day of solid disconnection from the SPX, Junk credit is reaching toward new lows on the day, not at all inclined to follow the "apparent" or "seeming" enthusiasm in the SPX.

The $AUD which seemed to also be a part of the opening FX pump to get the market out of the overnight funk it was in is also turning and has not kept any sort of pace with the market. FCT is also headed lower in it's bigger picture trend.

The only thing moving and probably supporting the broad market is the EUR/USD which put in a new leading negative divergence(unfortunately we don't have a great way of seeing divergences there other than the 1 min timeframe).

Red is negative divergence, yellow is lateral consolidation, the pair seems to be fighting to keep the SPX on track.

It's odd to look at Leading Indicators and see them still moving in a bearish direction as there have been so many months of seeing the initial early readings only to see them scrubbed later in the day.

The plan right now is try to make some short term upside in stuff like BIDU or AAPL calls and then look to reverse them quickly so long as everything remains in position, probably tomorrow, probably before the F_O_M_C