6:08 am PST. The indices are about flat this morning. IF /es breaks above 2345, then I will probably exit my puts and go long. If we have seen the bottom, then I expect an a-b-c-d-e wave 4 triangle-wedge formation to occur over the next couple of weeks before we break to new highs. The UUP and FXE might just do those final-ending waves to the targets I mentioned in a previous post. 

1:01 PM PST. GDX looks like a bullish close. I have a small SPY put position.

12:18 pm PST. The Dow might go to 20,250. The bottom perhaps is not yet in. Stopped out XLF calls -.01, VXX puts -.06ish.

10:07 125,000 share block trade on UUP. Bullish above, bearish below. The dollar might finally spike down, and gold might rally as a result. Or the reverse, depending. Watching UUP.

9:37 am PST. GDX almost reached my 22.50ish target, bouncing off 22.63. I think it might still get there today.

7:23 am PST. sold remaining GDX puts, weeklies expiring next week, for +50%. Bought at .20 sold at .30.

7:07 am PST. Sold GDX puts for about +90%. Bought .13, sold .25. Trade took about 30 minutes. I am just learning to trade options. Expiry was tomorrow.

5:17 am PST. I closed JDST for about +.92. It is countertrend. Silver is up this morning. Maybe we will see that spike low on UUP and spike high on FXE to my targets that I was looking for yesterday.

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.

7:29 am PST. This might be the top here for TLT and next stop $115.

7:24, the Dow is bouncing now off 20,582. If we close above 20,640, there is a good chance the bottom is in here.

6:48 XLF spiked to a low of 23.23, about .o2 from my target and is reversing now. I think the bottom could be in for XLF. The dow went to 20,600, still might do 20,500.