Market Update

It looks like HYG wants to try to bounce intraday, VXX isn't giving any clear signal, but with the pullback in TLT we saw coming yesterday, that may be enough to at least improve the SPY Arb. If so, that's where I'd like to look at a possible SRTY trading position.

HYG's bigger picture here is obviously not pretty and it has started to turn to the downside, but to the far right , that's a 3 min intraday leading divergence as it is down on the day, also note the flat price range through today so I trust that divergence, still no fill on HYG Puts, but if I could take another whack at them, it would be on a bounce (intraday) from this signal.

As mentioned, the 2nd of the 3 arbitrage assets, TLT has been showing signs of a pullback (commented on last night and yesterday)...

And there it is, it's not a bad signal, actually if you are interested in TLT long as I am, it's actually a blessing, but on an intraday basis, TLT down and HYG up is a risk on signal as far as the algos will read it.

We can see TLT isn't a serious downside signal and HYG isn't a serious upside signal, so it would be ideal if it did cause IWM to move up to use as a SRTY (3x short IWM) entry to get the best price and least risk.

VXX is the 3rd of the 3 arbitrage assets, it's not giving a decent signal here.

We'll see what comes of it and decide if and when we get to that bridge.