Markit's AAA ABX indices appeared to have made a higher low last week, but after nitially advancing, have paused. Still, these indices are showing positive divergence to SPX. Here's Markit's AAAA 07-2 series, with SPX (from Stockcharts) superimposed in green
Similar story with Markit's CMBX indices, although these indices have continued to improve all week. Here's Markit's CMBX AAA 4 index (which shows price). I've superimposed the inverse of SPX in blue. Again, note the divergence.
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