The 10yr Yield.

From Greg M

If you know my work, then you understand how important the observing the 10yr yield is. The 10yr will give us a big heads up for losses, or gains to occur in stocks. The fact that the 10yr dropped as the day progressed is troubling to me. Stocks essentially did nothing today with regard to losses, as I covered in my Post Market Wrap Up, so I was not overly concerned about deeper losses despite the destruction with crude BUT, watch that 10yr.

The next few trading days should prove to be very interesting.

GM