11:47 GDX is having a bounce and I am looking for 21.80. I think after this bounce GDX still probably has a little more downside just like TLT.

11:40 am PST. The High yield corporate bond etf, HYG is at risk of breaking down from the up-trendline. If it does, that spells bearishness for the U.S. core indices too as the HYG tracks the Dow. If HYG breaks down, then it could drop to $80, possibly $77.50. There was a 1,795,376 share block trade at 86.44 and we are below that now, but bouncing off the trendline.

8:02 am PST. USO about to breakdown from the first lower trendline. Next is $10.

7:58 am PST. Southwest is really dropping hard today, which is interesting. It could spell a much larger correction on the horizon for the indices, and I would be wary of looking for $25.50 on XLF.

7:49 am PST. BIDU is still in the triangle. Watching for a break either way.

7:38 am PST. I am looking for $25.50 next week on negative divergence.

7:31 am PST. TLT catching a small bounce here this morning, but it is not done yet to the downside. It still has further to go.

7:29 am PST. The dollar is selling off a bit today. This is going to be interesting with the Fed next week.

5:37 am PST. The Dow picking up extra points after yesterday’s V bottom. Looking good. AAPL too. Silver bounced of 16.855.

1:04 PM PST. TLT continues to make its way down towards $116, which is what my target still is. PAAS continues towards $13. GLD had a 900,000 share block trade at 114.89, and we closed below, so I remain bearish.

The Dow continued to correct and had a nice minuette V bottom. AAPL still looks bullish. NFP tomorrow.