05/14/2015 Live Update

[Al_Dente]

Reuters:
“…the S&P 500 closed at a record high …”
“The S&P 500 gained ... to end at 2,121.1, exceeding its previous all-time high close of 2,117.69 on April 24.”

That’s the headline everyone is reading tonght.

I show the SPX intraday high on April 27 was 2125.92 vs today’s intraday high at 2121.45

[TraderGirl]

For OOB

[TraderGirl]

For OOB

[Al_Dente]

overlay chart, not percentage
pink is 1-3 year treasuries
black is 2 year treasuries
Usually with the pink/black moving up, I think folks are selling stocks and parking funds in the ultra short-term treasuries
But with SPY near highs, I think folks are continuing to dump the long bonds (like TLT 10yr, thick red) and buying/parking the funds in much
shorter-duration treasuries
If that’s the case, I’ll be watching for a bounce in TLT, which is extremely oversold.

[Out of Bounds]

For OOB

THANKS!