8:36 am PST. The UUP dollar etf bounced right up off the bottom of the wedge yesterday. I expect it to rally up to the top trendline of the wedge and eventually break out to new highs.

8:04 am PST. Saw a block trade on GLD at 115.80 for 190,000. It appears the MMs are starting to take profits on their shorts. But I continue to look for 1200. However, I may exit my shorts a little sooner and then get back in….depending. The mining stocks are a lot stronger than gold, usually a tell, as mining stocks often lead gold directionally. Watching GDX, JPY/USD, and $DXY are all great indicators. Everything is connected.

7:12 am PST. Scaled out GLD overnight swing puts weeklies expiry this Friday. Still holding onto some with expiry next week. It is not quite done yet.

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.