In yesterday's daily comment I mentioned the impressive holds of DIA and QQQ AugPs, and probably should have included the charts. DIA spent only 2 days below its monthly pivot in recent month of weakness and yesterday's hold was the tell.

SPY and VTI (fractionally but still) joined DIA and QQQ above all pivots today. QQQ leading, and seems like we will see new all time highs by the end of the week!

With risk appetite increasing and DXY firming, probably better move to take some quick gains on GDX and perhaps small SLV and rotate more into stocks. I will post more on DXY on the blog soon. If the low is for real, some of the global indexes (recently all 7 that I track above all pivots) may cool somewhat.

SPY, DIA, QQQ, XIV below.