The most interesting thing to me is the reversal in steel stocks. Contrahour flagged the breakdown yesterday but I would lean towards a short-term downtrend that creates an entry point in a longer uptrend.
Keep in mind with bonds the shorter maturities should put a pretty solid floor under longer-dated yields. The 2-yr is around 3.70%.
*update 3:30 PM - I should add that Phelps Dodge (PD) filled a gap this morning (from 2 weeks ago) and is now attempting to climb into the green as well.
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