6:55 am PST. Yeah, SPY is going to need 1-3 days to correct. I am looking at 233.50 and 232.50.

6:49 am PST. I added onto JNUG on the backtest. Barrick gold, ABX, came out with stellar earnings yesterday. http://seekingalpha.com/article/4046522-barrick-gold-blowout-earnings

6:52 am PST. If BAC breaks down below 24.50, it is bearish and correction still in progress. VXX rocketing higher. I have a tiny position – 5 contracts, way out of the money.

6:42 am PST. 1,430,826 shares block traded at 24.50 on BAC shortly after the open. OK. The minuette correction might be over and it is time to buy. I have some VXX puts on going out to May. I am giving myself some time on it as I think the indices will rally into the end of the month.

6:18 am PST. Crude oil in a wedge. Could be a buy on the breakout above.

4:39 am PST. It looks like gold and silver are up this morning as expected. We closed above those dark pool prints yesterday, which I had not seen in a while, and technically we closed bullish. I am still long JNUG and curious to see how today will play. My first wave count is still in play in both gold and silver. The Dow futures are correcting slightly as expected as well. This will be a shallow and relatively short correction and I do expect new highs next week. This pullback will be an opportunity to buy, and I will be doing so at the right time and right pattern.

The dollar is correcting as well and has support at this rising trendline. If the UUP breaks down from the trendline, a more lengthy correction is underway.

JNUG broke up out of the wedge overnight. It might backtest this morning at the open. If the backtest holds, I will add. If it breaks, that is my stop.

1:02 pm PST. I think there is a 1-3 day correction coming in the SPY. Gold and silver closed well.

11:15 am PST. ABEV on fire. LOL. Oh my gawd. PAYTIENCE pays! Remember this trade?

11:12 am PST. BAC looks like a short-term top. Financials in general and GS too. BAC had a 861,337 shares block traded at 24.70. Probably 1-3 day correction coming.

9:54 am PST.

8:36 am PST. There were about 981,000 shares of GLD block traded from 116.70-116.82. If we close above, gold is going to rip higher.