Market Info

Bonds are trading slightly higher this morning but may come under a little pressure later today, as Stocks have opened higher on the heels of strong earnings and future outlook from Wal-Mart.
Wal-Mart is a bellwether for the entire retail sector, and with the important Retail Sales report due tomorrow morning, Traders could now be expecting a strong Retail Sales number--which would be good for Stocks, but bad for Bonds. So I will be watching carefully as the day progresses, since Traders may position themselves into Stocks rather than Bonds.
Technically, Bond prices remain above the 25-day Moving Average. With little economic news for the day, Bonds will likely continue to be driven by Stocks. For now, I recommend to Cautiously Float, as long as Bonds remain above the 25-day Moving Average.