unforgiven

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About me Professional trader and former money manager.
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Markets Allocation
100 % stocks
Top Mentioned Symbols
UUP 50% | 1 IWM 50% | 1
unforgiven unforgiven PRO UUP, W,
UUP: US Dollar index threatening to break long-term trendline!
33 0 0
UUP, W
US Dollar index threatening to break long-term trendline!

The us dollar index is threatening to break the long-term trendline that has supported price action since the bottom on May, 2014. Except for a few brief instances this trendline has served as life support for the entire rally, and a meaningful break of this trendline would have significant implications for commodities and currencies. Oil and the Canadian ...

unforgiven unforgiven PRO IWM, 15, Long ,
IWM: Market breaks meaningful downtrend line!
22 0 0
IWM, 15 Long
Market breaks meaningful downtrend line!

This mornings rally continues the subtle strength shown by the market yesterday when the S&P broke above the downward sloping trendline that has served as overhead resistance since the beginning of the year. We will now get a retest of support near the lows, and will be watching for internals and volume to confirm this as a legitimate short-term bottom. Good Trading

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