uup/gld

DXY: #Dollar Showing Weakness, Intermediately Overbought
327 1 3
DXY, D
#Dollar Showing Weakness, Intermediately Overbought

The U.S. dollar went bid following rhetoric from Federal Reserve officials that a potential rate hike could occur in June, following hotter than expected inflation data. However, after posting on pending technical weakness here, the dollar has retreated slightly over the last few days. Price action as traded neatly within a descending channel on the daily chart, ...

CosmicDust CosmicDust UUP, W,
UUP: UUP update - 09/18/2014
40 0 1
UUP, W
UUP update - 09/18/2014

Dollar faces major resistance established since 2008. It is also in an overbought situation not seen since 2010. Meanwhile, gold appears to be sitting a major support established since 2010. Next couple of weeks should be interesting.

CosmicDust CosmicDust GLD/UUP, M, Long ,
GLD/UUP: Given taper to continue, you want to bet gold or dollar?
66 0 2
GLD/UUP, M Long
Given taper to continue, you want to bet gold or dollar?

If you trust the chart (chart does not lie), GLD is the way to go! I know this defies common sense and logic.

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