Mid session update

Ticks are not extremely bearish although A/D lines and breadth have seen much better days. Volume is well above yesterdays level but still below the 30 day median. The big mover today has been in the bond market with the long bond (30 year) moving up almost up 1% which is a lot for bonds. I suppose they didn't like the Philly manufacturing number and the growth numbers that came out of China today. I see that other risk assets like the Aussie dollar are well down especially against the safe haven Yen and also to the USD although to a lesser degree (this is in line with my hypothesis that slowing economic growth in the U.S should lead to a lower USD over time). Probably not a bad time to take profits if you've been long the past week and a bit. It would seem that both of my quant subscription prediction's have gotten it spot on for today.