Quick Market Update

Don't forget today is an op-ex day, it kind of got lost in the NFP data.

We do have some intraday signals that are positive in the SPY (to a lesser degree), the Q's and IWM as well as some index futures, again ES is the weakest.

There's a clear SPY Arbitrage going on at +.50 as HYG is pushed up and VXX down. TLT is up, but has intraday negative divergences implying an intraday move down which will help the SPY arbitrage.

These are pretty clean signals, but seem more to be intraday and likely more about op-ex, at least until 2 p.m.