First off, part of my plan is and has been a stronger dollar to come (I finally shorted the Euro today to put my money where my mouth is on this play) and that is obviously not something that has proven to be correct yet. I’ve got time, if not a lot more support. We’ve been noting that Uncle Buck’s key downside target and support … Continue reading USD Tanks, Bonds Drop as Expected, Market Rotates for Rising Yields
Greetings from my vacation, where sometimes a little work goes hand in hand with relaxation. Commodities, led by oil, have bounced hard by daily charts, and while it does not look like much on this weekly, that is one well defined area of resistance on DBC. I am shorting it again. You can probably spot the area I’d use as a stop loss. Subscribe to … Continue reading Commodity Bounce Maturing?