IBM taking a hit on US Dollar strength: (IBM) – IBM slid 5.9% in premarket action despite beating top and bottom line estimatesfor the second quarter. IBM warned of a $3.5 billion impact to earnings because of the strong U.S. dollar.

JNJ lowered guidance because of the same issue: (JNJ) – The health-care company reported quarterly profit of $2.59 per share, 5 cents a share above estimates. Revenue beat forecasts as well. J&J cut its full-year guidance, however, due to the strength of the U.S. dollar rather than operational issues.

Gap up for the SPX here, happy to sell into it, had bought some shares on the close via SPXL back that I sold on the gap to 3,900. I'll take a morning win. Alert set if the gap wants to fill and still watching the 3,790 gap as well. Not too excited about getting long the index unless it fills. If a mircale happens, I have long term inventory that will benefit. No fomo, ever. 

Also, finally getting that reversion to mean downmove on the dollar I was looking for. Been in and out of puts and the bearish etf for nice $.