6:51 am PST. The Dow has gapped up. Will there be continuation?

6:51 am PST. The Dow has gapped up. Will there be continuation?

6:48 am PST. TLT has gapped down as well and I exited my overnight TLT puts.

6:41 am PST. Scaling out of FXE puts from Friday and yesterday. Still have Dec puts on.

5:30 am PST. The EUR/USD continues to slide. It may possibly go to 1.0844 today before consolidating. The $Dxy continues to rally. Gold is down about $5+, while Dow futures have risen 38 points.

1:01 pm PST. I expected to see a lot stronger gap up on the open for the Dow and continuation, but instead we had a tiny move up and then consolidated for the rest of the day. I think perhaps tomorrow we will see that gap higher.

12:07 pm PST. The EZU looks bearish. I saw a 535,793 block trade print at 40.55.

8:46 am PST. Gold is very weak and I am looking for it to eventually test 1200 in the next week or so.

7:59 am PST. FXE is moving down nicely.

6:17 am PST. EZU is down this morning along with the Euro. The dollar is up. Gold is slightly up, which the Dow futures slightly down.

4:08 pm PST. Macron won the French election and the Eur/Usd popped higher, which I thought might be a risk at last Friday’s close, but then quickly dropped. I think this could be a high at 1.10218. Likewise the dollar dropped and quickly popped back up. I think the dollar likely finished the bottom of the wedge. Great call Marty! Your call will be confirmed once the Euro heads down to new lows.

