7:21 am. and now IWM had a 1.16 million share block trade at 136.00. If we close above that is going to be very nice.

7:19 am. lol. MM’s are on the same page as me. There was 500,000 shares block traded at 23.43 moments ago.

7:06 am. I am watching the XLF. I think XLF is going to go to $26. I am buying FAS today. Possibly some XLF or IWM calls before the close. XLF’s consolidation from its December high has been really good. It has not lost much ground and has gone mostly sideways indicating that there is a lot of money on the sidelines wanting to buy in. This is a very bullish consolidation pattern. It is similar to IWM, which I think is also going higher still along with the Dow, SPY, and QQQ. The trade is becoming ripe for the picking. 🙂

The dollar is rallying and gold is falling. GDX has support at $22.00. If we close below that, the next support below is 20.70.