Uncle Buck… UUP UUP and Away

Well maybe not up up and away, but USD has not violated its bottoming pattern and so I just bought back my positions in USD bull fund UUP today. Be aware that this is not some crackhead day trading website so most things I do are done with the idea of how a certain thing plays with the other things that are held.

At this time, given its pullback, I think Uncle Buck can again play well with the others. The original target was, after all, the declining SMA 200 (currently 96.49). And I am aware that Unc can violate his neckline (just like Treasury yields did) and still be in a constructive stance as long as it holds the SMA 50 and a higher low to the right side shoulder.

usd

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