Leading Indicators

This is getting more interesting. HY credit is not performing today, it was not yesterday and recently it has been negative. As mentioned earlier the SPY arbitrage is NOT activated because HYG is acting far worse than it would need to for the arbitrage to work. However, VXX'x correlation is also far out of whack and not bidding up safety like it should, the fact both are down explains why the SPY Arb isn't working today (HYG would have to be up with VXX down, both are down).

The Sentiment Indicators are both BULLISH intraday so far, very interesting.

Yields are also up and give a bullish short term set up as out trading portfolio is set up for.

I'm going to look at individual assets, but leading indicators for the most part tend to confirm my "Best guess" from the last post.

Remember we did enter these longs because there were signals for them.