John Carter Analysis: XLE, XLF, IWM, UUP, NFLX, GPRO, FSLR & BIDU

In today's update, we note that equity markets are powering higher despite major weakness in the energy sector (XLE). The indexes are heading to new highs, led by financials. The small caps (IWM) are presenting a warning sign as they remain weak relative to the greater market. Finally, the dollar remains exceedingly strong, and each push higher is putting pressure on equities. This is a divergent signal from the Yen and bond weakness we are seeing, so it will be interesting to see how things develop. As far as particular stocks, BIDU is powering higher, making our put credit spreads expire worthless. NFLX triggered to the downside in a surprise move. FSLR put spreads expired worthless in our favor, and our GPRO position is $1 away from break even. FFIV is a name we're watching to play for further upside.