4:58 am. The dollar had a post-market drop as suggested by yesterday’s close under the 1 million share UUP print, but has since rallied back up this morning. Gold went up only slightly in proportion to the dollar’s drop, possibly indicating that traders are tiring of the yellow metal and are about to sell it off. It is negatively diverging. I exited my JNUG early this morning for about a +.20 and +.10 gain scaling out. I think I will just watch today for a pullback and backtest.

5:42 am. I realize FCX is up to new highs this morning as I expected would occur, but I was one day too early and got stopped out when the gap up did not occur yesterday, but is now occurring today. That happens a lot to me….anticipating the market one day too soon. I have to make a note of it so as to remember that while I could be right I might be early and to have a little more patience. Also I think my position size might have affected my decision along with reading some nonsensical advice from a former Goldman Sachs trader who wrote over the weekend that he thought FCX’s rally was over – has now shown to be completely wrong this morning. Why did I listen to this guy. lol. It seems harmless sometimes to read analysis from other people but it really can creep into the subconscious mind. One has to be so careful what you allow into your mind.