Yields pull back (ten-year note back below 3%), and risk assets are on, states Bill Baruch, president of BlueLineFutures.com.

The S&P 500 (SPX) and Nasdaq (NDX) are both positive, but must close above major resistance to keep the momentum going. Crude Oil is holding support, bouncing at the ~$117 level to close ~$120. Gold and Silver are both working through the damage that was seen in April.

Learn more about Bill Baruch at Blue Line Futures.