After a somewhat shaky start, the stock bulls appear to be regrouping.  They managed to get a bid under the Russell, which is helping to expand the breadth after yesterday’s negative shift.

The high cap techs are also ticking back in.  It is clearly broad not only because of the advances and declines, but because of the mix that we have of the Magnificent Seven and the small caps helping to repair that market breadth.

The bulls will clearly watch to see if yields continue to behave and if they continue to use the Nasdaq and the Magnificent Seven again as the mechanism that the bulls will use as their primary factor.

So, for now, it looks like all internal technicals and, again, with yields being the orchestra conductor.

Be wary.  Stay alert and above all stay safe.

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