Thursday, June 30, 2016

A (Confused) Dollar The New VIX

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We think the dollar can give us a clue of underlying risk appetite.
Dollar is a safe haven.
As it rises it may be a hint for down markets.
But currently it is confused and needs watching.

(Picture: You can see the dollar trying to decide which way he wants to go.)
We've pointed this out for a couple of days. We haven't been exactly right so far but we think it's an important relationship to follow because when the dollar (NYSEARCA:UUP) breaks one way or another, we think it will be a market (NYSEARCA:SPY) signal.
The confused dollar


Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS