Dollar strength is mirroring stock weakness. Stocks, commodities, and currencies are "risk-on" assets while bonds and the dollar are "risk-off" assets. Risk-on is fading and risk-off is rising as seen in I1, smoothed as 30-day M/A.
The stock market is burrowing into the critical M/A envelope. When DJI gets to 12,600 I'll lighten up on the shorts until it can clear 12,580.