Bonds just can't get traction and TLT had another big hit yesterday although up modestly today.
GLD is also lagging and seemingly unable to get any positive momentum going.
XLU may be bottoming out and shows positive momentum this morning, along with XLV and XRT.
Meanwhile, XLF is still the X sector leader in today's action.
Confounding today's action is the VIX (up 5%), which would normally be behaving inversely (negative) to today's positive equity action, but which may be setting up for this Friday's option expiration.
