I'm being patient in this market. Stocks are up while the Dollar is up. Very rarely do you get a divergence from the inverse relationship between DXY and S&P. Meaning sometimes when the dollar goes up s&p can go up as well. But, one thing that is for certain is: Foreign governments that require US dollar reserves will end up paying relatively more to obtain those dollars. So, I will be shorting the EEM.
That is a warning sign for s&p also. DXY can only rise so long before s&p is affected. I will be watching GDX, DXY and 2 year treasury yields this week.
That is a warning sign for s&p also. DXY can only rise so long before s&p is affected. I will be watching GDX, DXY and 2 year treasury yields this week.
Comment:
EEM short will pay the mortgage for this year. Very low risk short.
