1:04 pm PST. It was a range bound, but very constructive day for the U.S. indices. XLF tagged the 23.25 target area, spiking down to 23.23 and bounced. Gold and TLT look to have an interim top. I changed my mind about TLT going to $115 next, as TLT and gold have similar patterns, but gold seems to be diverging from TLT, so I suppose $115 is possible, but I would have to see how the price performs. Nonetheless, I am short-term bearish on treasuries now, bullish on the Dow, financials, and the dollar.

I would have liked to see UUP spike further down below 25.65 and the FXE a little higher, but with gold looking like an interim top, I think UUP is done on the downside and FXE on the upside for now.

GDX had a bearish close and I am looking for a retracement back to 22.50ish.