Breakdown

After a couple of days of failure at new highs and chop, markets sold off after a pretty sizeable surge at the open on good homes sales.

Looks like the yen may be bottoming here. Its tried to get firmly through 82.50 a couple of time the last week or so and can't. With record short interest I would watch it like a hawk.

Bonds are moving lower. 5 percent ten year is likely. The bund is leading and bonds following.

Had the birthday workout yesterday and feel shot today.

Selling looks like its drying up around 1515