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Invesco DB USD Index Bullish Fund ETFInvesco DB USD Index Bullish Fund ETFInvesco DB USD Index Bullish Fund ETF

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UUP trade ideas

Dollar Index (NYSEARCA:UUP) Setting Up To DropLet's take a quick look at the US Dollar and see what it is telling us about the markets right now. The Powershares DB US Dollar Index Bullish (NYSEARCA:UUP) has been on a tear the past 14 weeks. This has put pressure on many commodities including Gold and Oil. From the weekly chart below you can see that the Powershares DB US Dollar Index Bullish (NYSEARCA:UUP) is now trading into major resistance, indicating a pullback should occur shortly. This pullback in the dollar index will give a lift to the Market Vectors Oil Services ETF (NYSEARCA:OIH) and the Market Vectors Gold Miners ETF (NYSEARCA:GDX). At the Elite Round Table we will be taking positions to profit from the US Dollar weakness and alerting our members live, exactly when we do so. Come and join us to get to get involved in the trading action!
AMEX:UUPShort
by evanrizzo
Market Themes: NO chance of rate hike, NO Deflation - USD This is a year-to-date chart scaled on a percentage basis that outlines the relationship between the US Dollar, 20 yr+ Treasuries, Gold, Energy (think oil, gas etc), the Euro, and the US Real Esate Index. These represent the different investment classes in the market (rate-sensitive instruments, earnings sensitive instruments, and hard assets). As you can see there is a huge disparity with US Dollar, Treasuries, and Real Estate at highs while Gold, Energy, and the Euro is quite low. What this implies thematically is clear: The market currently believes there is NO chance of a rate hike (see treasuries, real estate), that there is NO chance of deflation (see EURO and Dollar relationship, and Gold / Energy underperformance) and, although it is not shown since the chart was getting cluttered, there is no indication that corporate earnings are at risk. Follow this chart because these themes are where you should be focusing your asset allocation.
AMEX:UUP
by SPYderCrusher
2
UUP Dollar Bullish Fund Carving Out Inverse Head & Shoulders Based on this pattern triggering on a move over ~21.60 you could expect a measured move to ~22 before hitting resistance. The timing of this breakout seems to be coinciding with market topping action which further strengthens the likelihood of this chart having predictive utility. This chart taken together with today's breakout in Treasuries (TLT) and over 30% spike in the VIX this tells a tale of risk aversion and flight to safety into bonds, US Dollar and possibly gold.
AMEX:UUP
by MaxxPayme
Potential Reversal at 21.20 | $EURUSD $EUR $USD $UUP $UDXFriends, On January 10th, we offered a bearish target in the USDollar Index using an advanced pattern called "Wolve Waves Pattern", named after its discovered, Bill Wolfe - See the bearish target being hit quite precisely, and the rallying that ensued here: - Now, we continue our study of the USD, we are turning to a 3x bullish PowerShares ETF, namely: UUP. In this chart, price continues to fall to a level that is nearing a target we had defined back in early February, but decided to reconfirm once more. In essence, to the advanced pattern trader, the geometric pattern that may come out of the chart is a Bullish Shark, followed by a 5-0 pattern. We mention this because in the predictive analysis and forecasting strategy we use, the targets that were generated and posted in the chart came out just as close, give or take a few decimal pip values. Hence, combined with our proprietary strategy, we believe that UUP is coming to a potential reversal point. In fact, we continue to code the probability level of the forecasts using green for "High Probability", yellow for "Intermediate Probability", and red for "Low Probability". In this particular case, the targets are: 1 - TG-1 = 21.20 - 01 MAR 2014, yellow 2 - TG-Low = 20.95 - 01 MAR 2014, red 3 - TG-High = 22.04 - 01 MAR 2014, red In sum, our prop strat has produce one intermediate/moderate probability target in the most immediate level, and two low-probability targets, one in the low side with a "Low" qualifier based on our analysis outcome and lack of corroborating data with a background geometric pattern, as compared to TG-1. In the case of the TG-High, the probability is rated as low based on the variation between TG-1 and TG-Low. OVERALL: our system calls for a potential reversal at the levels and for reasons defined above. The overall directional bias remains bearish until we receive an early bullish market reversal signal, in which case, we would turn the "sign" over to "Neutral". Not until we receive a bullish market reversal confirmation, do we plan of posting a "Long" sign. Hey, want to see another potential Wolfe pattern development? Check out our recent take on MSFT: - Also, see our recent comment on Bitcoin's BTCUSD (Bitstamp and MtGox exchanges) here: - Cheers, David Alcindor TradingView.com Moderator, Alias: 4xForecaster Predictive Analysis & forecasting ----------------------------------------------------- Follow our forecasts, signals and analyses on Twitter Alias: @4xForecaster ----------------------------------------------------- Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
AMEX:UUPShort
by 4xForecaster