This is a year-to-date chart scaled on a percentage basis that outlines the relationship between the US Dollar, 20 yr+ Treasuries, Gold, Energy (think oil, gas etc), the Euro, and the US Real Esate Index. These represent the different investment classes in the market (rate-sensitive instruments, earnings sensitive instruments, and hard assets). As you can see...
This idea is driven by my earlier bullish idea on the U.S. dollar, check the related link for the original idea. If you have been following my ideas, i have been bullish the U.S. dollar for a while, and here is another way for who dont have access to the currency market to go long the U.S. dollar through the UUP - PowerShares DB US Dollar Index Bullish Fund....
Based on this pattern triggering on a move over ~21.60 you could expect a measured move to ~22 before hitting resistance. The timing of this breakout seems to be coinciding with market topping action which further strengthens the likelihood of this chart having predictive utility. This chart taken together with today's breakout in Treasuries (TLT) and over 30%...
Friends, On January 10th, we offered a bearish target in the USDollar Index using an advanced pattern called "Wolve Waves Pattern", named after its discovered, Bill Wolfe - See the bearish target being hit quite precisely, and the rallying that ensued here: - Now, we continue our study of the USD, we are turning to a 3x bullish PowerShares ETF, namely: UUP....
If this turns out to be a bottoming formation - some likely near-term targets for dollar index ETF
Not sure what to make of the dollar strength. The market is at an all time high. This is usually negative for commodities. Could this be an early warning sign for equities or just a strong US economy. Upside target at $22.94 for now.
Time to make the donuts! $DX_F Beartrap trendline comes back into play here.
did tonight's move gap $DX_F over the mid-line of the fork?
May be nothing but it's a fresh look at least. Keep an eye on it. $DX $DXY