Are Low Volatility ETFs Topping Out?

The Dow Industrials and Dow Utilities managed slight gains Monday while the selling was the heaviest in the Nasdaq and small-caps. The market internals were solidly negative with the declining stocks leading the decliners by a 2-1 margin on the NYSE. The NYSE Advance/Decline Line has dropped further below its WMA after confirming the recent highs. Most of the focus remains on the bond market and the dollar as yields are holding just below their recent highs. In line with the recent dumping of ju...