1:03 pm PST. The Dow closed up 37.60 points. I remain bullish. Here is my wave count for XLF. My target over the next month or two on XLF is $26.

The Dollar made gains today, with the UUP closing just under the trendline. UUP closed above the 8 and 4 emas which is turning bullish.

Gold and silver mining stocks gave back some of yesterdays gains, but in face of the dollar rally, I thought they held up well. To me, this looks like a wave iv consolidation retracement. Here is my count for GOLD. I remain bullish.