30 minutes in today and the market’s looking over it’s shoulder at early attempts at a rally. Both TLT and VIX are red and at the bottom of the list..2 indications that the bulls may get their way, especially when we check TLT’s volume BUZZ. Financials are still in a duck and cover mode per Volume Buzz and retail is also getting hit but materials and SMH are holding up nicely. Huge downside in SLV last 30 minutes yesterday caught more than a few silver traders off guard as ZeroHedge noted on the futures side. IWM still short interest king with TLT coming up fast. Huge downside moves like yesterday don’t typically get resolved in one day so caution is advised.
