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US Dollar Index to Decide on Bull or Bear Scenario

The US Dollar Index is at an important juncture.  On the long term monthly candlestick chart the US Dollar Index has shown us that it has broken down through and out of a very large symmetrical triangle formation.  This was very bearish action and seems to imply much more longer

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Posted in US Dollar Index
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US Dollar Index Breaking Down Through 5 Year Consolidation Pattern

The US Dollar Index monthly candlestick chart shows that the US Dollar is breaking down south out of a huge consolidation pattern.  I just have to look at this chart once to understand the potential implications. The first potential implication is that the US dollar will eventually make a move

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US Dollar Index and UUP ETF Long Term Chart at Crucial Juncture

The UUP Us Dollar Index ETF is down about a half a percent today and is once again breaking down from a rising bearish flag that was under construction over the last several weeks. I have been watching both the UUP ETF and the US dollar index occasionally to see

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A Mega 10 to 15 year Bull Market in Commodities

I was contemplating a little bit the MACD of the monthly inflation rate chart I posted a few days ago this past weekend and it occurred to me after reflecting on the yearly portion of that chart that we have not really even begun the commodity bull market.  If you

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Posted in Commodities, Long Term Charts, Long Term Trading, US Dollar Index
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UUP ETF Close to Breaking Back Above the Old Head and Shoulders Neckline

If the PowerShares DB US Dollar Index Bullish UUP ETF in the next week or two is able to break back above the head and shoulders neckline resistance level, it could spell trouble for the stock market and bode well for inverse ETFS and leveraged inverse ETFS such as the

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Posted in ETFS, US Dollar Index
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UUP US Dollar Index ETF Struggling near Head and Shoulders Neckline

The UUP ETF is currently in somewhat of an interesting juncture.  The UUP US Dollar Index ETF has recently made a second attempt to break back up and through the neckline resistance level that defines a somewhat large head and shoulders topping pattern. This neckline level of 23.5 on the

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Posted in ETFS, US Dollar Index
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Getting the Market to Decline is Like Pulling Teeth

In other words it is not easy to get this market to decline more than 1 or 2%.  Only a couple days after I issued a BOT Short signal the decline so far is a very meager one that is really slow on the tape.  To get this market to

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Posted in Market Timing, SP500, US Dollar Index
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Possible Gap Fills and Extended Correction to Start Going Forward

The market is looking a bit exhausted at this point.  I issued a BOT Short Signal in my previous post because there seems to be enough evidence building up that says we should at a minimum do a gap fill of several days ago and maybe some more downside after

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Posted in Index Trading, Market Timing, SP500, US Dollar Index
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US Dollar Index Initiates Key Break Below 3 Year Support

Today the US Dollar Index made a key break down below key 3 year support range.  I wrote about the dollar index yesterday indicating that I expected weakness into November 2010 and a possible break of support. I did not expect this break to occur the next day, but this

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Posted in US Dollar Index
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US Dollar Index at Crucial Long Term Juncture

It seems pretty clear at this point that the Fed does not have a number one priority of supporting the US Dollar.  Today the dollar took another huge hit and seems to confirm the new theory I am now operating under that the recent bounce in the dollar index was

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Posted in US Dollar Index
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