What we are watching for in the markets

The markets on Friday retraced on low volume, The UUP (U,S Dollar Pro Shares) rallied hitting a high of 22.14 opening higher and catching a big bid the RSI is now at 50 range and soon will test to close over the 50 day moving average as said before we watch what the UUP as it works inversely to that of what the markets do. On Wednesday trading Commodities to a big hit on high volume , the UUP was strong and the EUR/USD dropped, the markets took a bit of stagnant hit, although we saw Gold and Silver take a big drop , markets barely dropped which leads me to believe the 3-5% drop could come with the UUP chart looking for a reversal it could be soon

UUP (U.S Dollar Pro Shares) 22.11 approaching 50 day moving average 22.23 take a look at how the Chart looks to be strengthening the gap up is nearing to test the 50 dma

http://stockcharts.com/h-sc/ui?s=UUP

Bottom line is when the dollar strengthens the stocks deflate and drop, with most stocks at highs we could see a great opportunity here

With a possible drop in Metals we are looking at possible shorts on the GLD and SLV

SHORT /Puts

SLV (Silver Ishares ETF)  33.76 with Wednesday big drop in metals on big value I think we can short this stock or place PUTS at highs watch for entry as it closed under 200 day moving average , also was up 40% since Dec 19 with stronger dollar we expect a drop in SLV

GLD (SPDR GOLD ETF) 166.34  i think on any strength we can short or add puts on GLD be patient and look to add on any increase in pps the chart looks like a drop could come and with strong dollar this could pay handsomely

Hedge on drop in Metals

BOM (Power Shares DB Base metals Short) 11.06 I always am a big Gold and Silver Bullion guy but with weakness in metals and strength in dollar along with a chart that 50 and 200 about to cross I like BOM shares for a nice rally here

HEDGE on a Falling Market / Overbought market

SDS (Pros Shares Ultra Short S&P 500) 16.06 this looks good around here if SPY hits and test 130.20 this week grab some calls for April, this is a great Index to buy on SPY downturn

QID (Pro Share Ultra Short QQQ) 33.13  The QQQ have been on tear as of late if we get a 3-5% dip the QID will pay off handsomely look for QQQ to see 65 range and add some QID calls for April

OTC pinksheets stocks

FRHV (Fresh Harvest Products Inc) .0025 with news released last month , along with a solid share structure and big volume that closed the stock at .0025 over 50 DMA we could see this test 200 at .006 then .01 could be a nice mover

http://stockcharts.com/h-sc/ui?s=frhv

SUGO (Sungro Co) .0009 this gold stock traded above .01 last year big volume friday , this one wants out trip zero land\