9:00 am PST. USO taking a nose dive today.

7:38 am PST. After looking at TLT some more, actually strike that, it might take until Friday or next week for TLT to get to $116.

7:30 am PST. TLT still headed to $116, possibly by tomorrow. Gold and silver will be under pressure as well until TLT is done on the downside and the indices done on the upside.

6:43 am PST. GDX could retrace from here to 22.20 by next Wednesday, but it will probably be a temporary bounce before heading lower again.

5:24 am PST. It looks like the dollar is breaking up higher in a wave 3 as I mentioned at the pre-market yesterday could occur. TLT is also continuing to work down towards $116, which I mentioned I was expecting. I expect the dollar could make a new high, while TLT will make a new low.  The Dow is still consolidating and will eventually go up to a new high. Silver continues to work its way down to $17. I really do not see anything changing the trends until the targets are achieved.

1:04 pm PST. The U.S. indices consolidated slighted lower again today, while silver continued to work its way down all day.

AAPL looks bullish for tomorrow. It is holding up better.

8:56 am PST. LUV looks like a buy here to me to $60.

7:19 am PST. XLF could bounce here for wave b/(iv) to $25.10.

7:05 am PST. USO has been consolidating in a sideways triangle for months now and it could be bullish. If prices break above 11.80, we could see a quick rally up to $15.

5:48 am PST. The dollar futures look like they are about to break out in a wave 3 higher.

The Dow futures are slightly down this morning, but nothing too bad. The Dow is still consolidating. Silver is down and could probably go to $17 this week.

1:05 pm PST. The Dow sold off at the open and then caught a bid into the close, but it was a weak close for the indices. The TLT made a new low on positive divergence, but I am not super bullish. We could, however, see a bounce back up to 119.75 or 120 into the Fed short-term. The Dow needs to consolidate.