Worst performers were real estate, industrials, financials and techs. The sector showing relative strength was health care.
Oil moved sideways today and I still expect some retracement in the short term.
Euro didn't retrace from the last leg down as expected. This should be seen as a continuation of its direct relation with equities indices. Last Friday it detached going down hard while indices rallied so I expected some correction on Euro which didn't happen . Instead they seem to start walking together again (will post some charts about currencies correlation later to clarify this popular issue).
Meanwhile, keep an eye on EURUSD trendline (see chart). After a fake break of bearish trendline and topping at previous high (white line) it is just holding on the edge of its mid term bullish channel.
EURJPY and Gold also showed weakness.
Bond prices did recover some of the huge Friday's drop.
Regarding market internals, I continue to watch them to assess the strength of this bullish trend. Though main internals are still strong, some incipient signs of exhaustion could be found:
