Tag Archives: Dollar Index

Week in Review

(click here if charts are not observable)

Posted in Week in Review | Tagged , , , , , , , , , | Leave a comment

Shorts Send Out Mayday As ISM Surprises

Wow! Check out the market reaction to the ISM this morning.  Many were caught off guard and even shorting just minutes before the number expecting a weaker print on the back of the weaker regional PMIs.   We were surprised, but, … Continue reading

Posted in Economics, Equities, Uncategorized | Tagged , , , , , , , | Leave a comment

The Ugly Chart Contest

Well not so ugly.  The dollar index is hovering around its short-term trend, but is now below the 20-day sma.  No clear break of trend yet. Crude looks like it is rolling over.  We heard Fareed Zakaria say on his … Continue reading

Posted in Bonds, Crude Oil, Dollar, Ugly Chart Contest | Tagged , , , , | Leave a comment

Chart of the Day: Dollar Top or Breakout?

Tough to bet on a triple top here.  Looks like 82.60 is the next key level, which is the .618 fib retracement of the June 7, 2010/May 2, 2011 move. (click here if chart is not observable)

Posted in Currency, Dollar | Tagged , , | 1 Comment

I Wish I Was In Dixie

The Dollar Index,  the “Dixie,” is breaking out and looks like it will slice through the next resistance level “like a hot knife through butter.”   For those interested,  click here for the song Dixie and here for its historic significance. … Continue reading

Posted in Dollar | Tagged | 2 Comments