After a several attempt on the upside, some profit taking kicked in. Strength in Apple helped the technology sector and the financials held in after the big run yesterday. Small-cap lagged and reflected the poor breadth today. There were also notable action in the early VIX bounce, a spike in bond yields, and poor action in precious metals. After multiple hot opens we are probably overdue for a weak open, but with SPY dividend tomorrow and option expiration Friday, the bulls will likely remain stubborn.
