PowerShares DB US Dollar Index Bullish (UUP) Message Board
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EUO a better play than UUP
http://www.tfc-charts.com/cot/cot.php
One thing I have noticed is that commercials are net long NOW as the chart shows above--this is somewhat rare. Nobody knows how long they will stay that way, but it seems that if you take a position when commercials go from long to short again, like in June 2008 or November 2009, you could do fairly well in UUP. This isn't scientific, just an observation from looking at the last few years price data that is available on this UUP site as compared to the linked older COT information, which shows commerical fluctuations for each week going back years.
You might want to factor this into your thinking on EUO--or maybe not--someday, the dollar will explode up when there is fear of all the bubbles bursting--maybe this is the start--maybe not, but timing is everyting with leverage.-
One thing I have noticed is that commercials are net long NOW as the chart shows above--this is somewhat rare. Nobody knows how long they will stay that way, but it seems that if you take a position when commercials go from long to short again, like in June 2008 or November 2009, you could do fairly well in UUP.<<
Commericals turned net short again on Oct 19 COT.
http://www.tfc-charts.com/cotcharts/DX/2010
Here is hoping that we have the same kind of result as in Nov 09 when this happened last time. Also supporting this is the fact that TLT seems to be making lower highs and lows.- 2 Replies to jshaef1
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tbt???????????????? anyone know?
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The breakout in UUP is confirmed as of yesterday. The better way to play a rising dollar is by shorting commodities like oil, copper and other basic materials http://www.marketspacetrading.com/the-latest/dollar-bounce-could-sink-commodities-uup-gld-uym-uso-fcx.html
- 1 Reply to jordidmperez
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BOM, EUO
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