Tag: UUP

All Eyes On The Dollar ($UUP)

The USD has fallen over 10% since March, stirring up inflationistas and fueling the bull market. Since the beginning of May, the dollar has traded in a downtrend below a descending lower Bollinger band, forming a descending triple bottom on July 20th. While it seems unlikely that the Federal Reserve will raise interest rates due…

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July 27, 2009 July 27, 2009 By charlie In , , , , , Comments Off on All Eyes On The Dollar ($UUP)

Ouch

After losing ~4% of my equity in various long plays, I called it quits on Monday after the QQQQ’s breached 30.50 and went back into cash, the dollar (UUP) and some shorts. This market felt too heavy to rally, and time is working against it as GS and MS sag lower and lower, potentially sparking…

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November 11, 2008 November 11, 2008 By charlie In , , , Comments Off on Ouch