Equity Bond spreads are breaking out to the upside.

The Bonds are driving the spread. We’re getting the channel breakdown below 156.22 in the 30 Yr. Futures.

This is not a small thing. The spread is attempting an ORH month and is now trading above it’s 200 DMA on a daily basis.

The Ultimate puke comes a point lower in the 30 yr. on the long term P&F, just below 155.10.

With many names at lofty prices and trading around their first upside targets you have to be very careful to not indiscriminately buy to buy until we see how the adjustment to higher rates will effect the individual names.

It’s time to review your holdings and place reasonable protective stops.

The Spu’s are up 175 points since Oct.1, Nasd 100 was up almost 500 Points this A.M.

​Healthcare will not be as sensitive to a rate rise and investors are piling back into this sector buying the​ earnings pukes as with Gild this A.M.

The two sectors which should remain under pressure are the Miners and the Home builders which are both interest rate sensitive.