Today's action in the ProShares UltraShort Inverted SPY (SDS) has triggered preliminary indications that the upside directional move in the major market ETFs from February 7 into this morning open is complete.

Mike Paulenoff's near- and intermediate-term work indicates that the pullback in the XLF from the January 31 recovery high into Monday's low is complete.

The streetTRACKS Gold Shares (GLD) has rolled over in a serious way today after climbing for the past week towards a retest of its January high.

The Homebuilders Select SPDR (XHB) managed to hold support in the 19.70 area again, creating a minor double-low.

The way the intraday patterns are setting up is leading Mike Paulenoff to hold his long model portfolio position in the QQQQ into the weekend.

Mike Paulenoff writes that the EWZ is about to being a secondary climb towards last Friday's high at 78.33, which should be hurdled on the way to 81.00/30.

QQQQ prices have returned to test key support.

The DUG must hurdle and sustain above 47.10/20 to trigger upside acceleration towards a retest of the January high.

Mike Paulenoff takes a look at the pattern and technical underpinnings that have developed in the UltraShort Dow Diamond ETF (DXD).

The gold market is taking a big hit, despite the weaker economic data that initially triggered a decline in the dollar.