The S&Ps opened down a touch and then proceeded to chop sideways all day to go out pretty much where we had opened with a loss of a third of a percent.

The dollar was a touch firmer, with the DXY adding a hair. Yields slipped a couple bps.

Bessent also interestingly announced new sanctions on Iran and warned the rest of the world to cut all financial ties with Iran or face exclusion from the dollar system. I'm not sure that's dollar bullish given the way things are going...

BTC added a percent.

Commodities were mixed, although crude came in 2 percent.

Gold rallied again overnight and rose to as high as $4680 in the US before fading a little to go out closer to $4650 for a gain of nearly a percent.

Silver slipped overnight, and after a brief rally attempt in the US that failed shy of $70, the white metal faded to go out closer to $69 for a loss of nearly a percent.

The GDX gapped up a little and then faded with the metals back into Friday's gap before firming back up to go out back up near the middle of the day's range with a gain of over half a percent.

Gold, silver, and GDX all remain above the 5 dma, so the bulls remain firmly in charge, and given that gold and the GDX shrugged off a Tier 1 SELL and traded higher anyway, that sets the stage for a potential further upside surge that may require a Trifecta SELL signal before things take a breather.

My gold model likely remained at a Tier 1 SELL, although I don't have all my data in yet.

Positions: Short SPY, QQQ, MDY, and IWM. Long DBA, IBIT, and STRC.

Metals: I daytraded some SLV 60 puts for 13 cents and sold them for 16, and then I bought the SLV 65 calls for Wed in the final hour for 15 cents.