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Tag Archives: UUP
Dollar struggling at resistance
The weekly chart of UUP shows a lot of struggle since September 2008. After it peaked in September 2008, dollar initiated the long-term downtrend channel which still proves to be intact. The most recent rejection happened in July 2012. I … Continue reading
The power of charts?
In my last blog from 9-3-12 I wrote about UUP testing support on the weekly chart while GLD and SLV printing very bullish candles on Friday 8-31-12. It looks like that was reflecting the high expectations of significant cheap money … Continue reading
Is dollar going down?
Oh no! Not now when I am leaving for my trip to Europe. Look what happened on Friday to SLV and GLD. Both printed last Friday 8-31-12 nice bullish candlesticks after 6 days of consolidation. The volume was high – … Continue reading
Is a change coming?
It’s always a matter of time for the market conditions to run the course. “What is next” always brings life to trading. With the market, “on surface” very quiet (VIX extremely low by historical standards) we always need to keep … Continue reading
Zoom out!
I spent three weeks talking about walking the Bollinger Bands on the hourly chart. I hope that I covered the idea for now in enough detail… Time to zoom out and look around. Lets start with the daily chart of … Continue reading
Confidence – what?
The huge rally last week wasn’t unexpected if we followed the charts. The market was dangerously hitting supports on longer term charts (see my blog from November 21, 2011). I have no confidence in a market that is being smacked … Continue reading
Invested Central Chart of the Day: UUP
UUP is an investment that seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed … Continue reading
Trading in line with the market?
My last week observation on the chart of UUP: how to explain technical alignment of the chart of UUP with what politicians in Europe were discussing or the progress of financial challenges in Europe? Look at the 1 year daily … Continue reading
Is dollar alive?
Is UUP working to climb above $22? It appears to be getting ready to test the zone $21.8 – $22 after building some rounded support since May. There was some nice volume at $20.8 in May that seemed to push … Continue reading
Don’t ignore VIX signals
I have heard many explanations how we should look at VIX and what the levels of VIX mean. My usage of VIX is rather simple: daily chart of VIX for 10 day hourly charts or daily charts trading; five minute … Continue reading