‘Dollar Update’ Archive

Can the crowded Euro trade pull the S&P 500 even higher?

CLICK ON CHART TO ENLARGE As the Euro hit highs in 2008 & 2011, it appears these peaks influenced the S&P 500 in the months ahead. At these peaks the Euro became popular, as 70% of investors became bullish the currency, highlighted in the chart above. The two largest declines in the S&P 500 over [...]

King Dollar breaks out, as Draghi/European banks lower interest rates!

CLICK ON CHART TO ENLARGE Recently King Dollar found it self on multi-year support, created a bullish falling wedge and very few investors were bullish the U.S. Dollar. This was a set up for a rally in King Dollar! The Power of the Pattern and Joe Friday highlighted set up for a Dollar rally about [...]

Joe Friday…Commodities breaking support, US $ breaks out! Deflation???

CLICK ON CHART TO ENLARGE Many key commodities are breaking support, ranging from the CRB Index, Crude Oil, Commodities ETF (DBC) and Gasoline futures. This has my attention, due to this…the majority of the time Crude Oil & Gasoline have been soft, it may have been good for prices at the pump, yet it wasn’t [...]