Bonds are also continuing with a recovery move although we need to see further evidence that momentum has shifted to the upside following the massive global selloff over the past 10 days.
On the T6 bull model XLU is continuing to show promising signs of improvement following some higher than usual daily volatility...likely not unqiue to XLU, just a parallel to the high volatility that has characterized the markets overall.
Interestingly, with the market down 55 one hour before the close the VIX is down 2%....not a typical correlation.
