Not much movement in indexes today, and the big move was in $DXY and metals.

$DXY rallying above its Q4P for the second time is pressuring the global indexes that The Pivotal Perspective has taken great advantage of since March.

Latest Total market view thought next move would be capitulation / breakdown in safe havens TLT and GLD etc. This idea is doing quite well this week. As these safe havens crumble, the only place to go is VIX which is above its OctP for the 4th consecutive day.

Current view: Upside limited for stocks, trimming some global indexes seems like good idea, short TLT and maybe metals from last week and early this week, moderately long stocks via hedge on QQQ, IWM and/or SPY is doing fine.

SPY, TLT, GLD, GDX, SLV and VIX below.