I wrote up the US Dollar and UUP on February 3rd, pointing out that UUP had been on a Weekly BUY Signal since last December. Here is a follow-up chart on the Daily Trend Model which reflects last night's Fed news, no big surprise to the Trend Model.
UUP Daily Trend Model
The UUP March 23 calls are up about 20% this morning, on less then a 1% move in UUP. Imagine that kind of leverage on the above trend signals.