Midday Missive

Spu/Bond is currently trading above the oscillator line that it broke from 2/2/18.

It’s a long day and one should expect a couple of different flows.

The noon Bond auction has the potential to change the flows.

AMZN…1498 is a potential double top level.
pay attention to how the indices respond to this #.

If the spread closes above the line I’d say mid-week low.

China internet names are today’s best performers.
SINA,BABA,YY,JD,BIDU

Non correlated names.

Transports were bought on the rotation.

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