Despite all of the reports coming from the markets about the East and the EU, the overall position of the equity markets is one of contained action; the IWMs and QQQ are trading in a range while the SPYs have just barely broken out.
We're starting to possibly see a few cracks in the Treasury rally. Notice the SHYs broke a short term uptrend (although they're at previous highs). The IEFs and TLTs are right at support.
