Have been making the case the past couple of days that the Dollar index was up against resistance and the patterns suggested it would take a breather (see post here)  Now UUP is looking heavy.  A decline in the Dollar should push stocks/commodities higher, which we are seeing this morning as well as pushing Government bond prices lower. 

The day has a long, long way to go…. so far it looks likes equities will have a good day and Government bonds are getting hit pretty hard.  Suggested to “score on defense” by purchasing the inverse bond ETF (TBF) yesterday, picking up almost 1% in a couple of hours in the new position. (see post here)   

Interesting pre-market action today, in that, the long bond is down as much as the 500 index is up!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past