The dollar is having a nice rally this morning. The dollar could go to make new highs, which would be a big sell signal. The UUP did close above its 700,000 share block trade at 26.34 yesterday. UUP closed at 26.35, which is why yesterday’s close was interesting to me. Both gold and the dollar looked bullish at the same time yesterday at the close. /gc did rally slightly higher to 119.51, but GLD is negatively diverging. The mining stocks also closed yesterday with a bullish posture, but it remains to be seen whether the miners will also rally to new highs before retracing or whether this dollar rally will help the miners backtest their breakout trendlines. I exited my JNUG really early this morning for +.06. The risk-reward favors waiting on the mining stocks.

Dow futures are about flat.

UNG looks interesting this morning.