PowerShares DB US Dollar Index Bullish (UUP)
The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
UUP 120 Minute, although it is also at times referred to as "Two-Hour"
Trends in the US Dollar are useful in anticipating trends and counter trends in other asset classes, such as stocks, gold and oil. Robert Prechter's current market thesis is that all markets are slipping into a Grand Super-cycle bear market and since all assets are priced in dollars, that the dollar is in the early stages of a massive multi-year rally. If so, the Weekly and to a lessor extent the Daily UUP Trend Models will catch most, if not all of it. The 120 minute model, which as you know is often referred to as a two-hour model, does a nice job of navigating around shorter-term trend changes.