claydoctor

US DOLLAR pops on what? Italy? China? Portugal banks? Really?

FX:USDOLLAR   Dow Jones FXCM Dollar Index
36 0 0
This is the market correction that was looking for an excuse to happen. Dollar looks strong. Hope everyone loaded up on TZA             like I did last week, and more yesterday. Long US dollar             , EURUSD             chart says pop up should be strong, EURJPY             , USDJPY             down. And this is a huge currency pair move, the markets should open and follow today likewise. How strong? Like I said last week, strong velocity first wave down to TGT             1. But, watch out for government and banks buying to steady the market. We are past the typical 2 to 3 % as a "dip" they have been buying on, so the pros are not so sure about today, and where we go from here. Finger on the pulse today.
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