Reply #24: At 1:30 - back in a holding pattern

[mrsteve]

Moving sideways just below th opening numbers.

Dow 9,580.54 -14.44 (-0.15%)
Nasdaq 1,889.58 -3.88 (-0.20%)
S&P 500 1,031.36 -3.00 (-0.29%)
10-Yr Bond 4.220% +0.069

Yahoo Finance analysis:
"1:00PM: After setting new session highs, the major averages have encountered some selling pressure...
Currently, the Dow and the Nasdaq are hugging the flat line, while the S&P 500 is underperforming on a relative basis due to the lagging drug, oil services, utility, and housing sectors... The weakness in the latter comes on the back of a six-day rally, which has lifted the HGX index by 8.9% to a new 52-week high... Also inciting profit-taking in the group is the rise in interest rates over the last week...
Specifically, the yield on the 10-year note has lifted from its recent low of 3.93% to the current yield of 4.22% over the past four sessions, contributing to fears of a slow-down in the housing market..."