Almost midday and we’re seeing early gains hold…a reversal of previous days’ fade pattern.  Not surprisingly, XLB and GDX are the leaders today following yesterday’s dramatic collapse.  As usual I’m keeping a close eye on Volume Buzz which is showing most money remains on the sidelines.  The financials have a huge parity margin to repair and this group is a key to a sustained recovery.  The SPY Prognosticator has been trending lower  for the past hour as early highs are eroded so caution is advised. VIX is down over 6% while the NYAD has flatlined around 1.90 . .  bullish. Savvy traders know both VIX and NYAD demand scrutiny to decipher the inevitable breaks.