UUP wave count

8:06 am. Out the rest +.53 and +.49. Okay, it’s the lunch hour and XLF is going to consolidate. I will look for another re-entry later.

7:56 am. Scaled out FAS +.42.

7:23 am. The 40 sma held up UUP and it bounced off of that. This might be wave 4 and we could see a new high for the dollar on negative divergence, which would be a sell. I am out of mining stocks right now and tracking XLF instead.

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We also had a 500,000 share block trade on TLT at 121.75, which I think is a sell print.

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