Monday, August 30, 2010

US Dollar - UUP

I continue to like the US Dollar trending models and in particular, the UUP Daily Trend Model:

UUP Daily Trend Model


I'm not going to even pretend to know what global financial currents affect currency trends, but I can recognize a well trending trading vehicle when I see it and this one speaks for itself.  Looking at the recent historical performance of this trading model, it appears that about 2 out of 3 trend signals work for gains of between 5-10%, while the losers drop maybe 2% before getting stopped and reversed.  

For what it is worth Prechter is very bullish on the US Dollar, suggesting a surge higher in the coming months.  The above trend model isn't so prescient, suggesting only that the trend is up and that should be good enough for now.  

It is.

A

5 comments:

Anonymous said...

Get ready the market is about to start it's year end bull run. All aboard

Anonymous said...

what about the 23 sept call?

Allan said...

Re: sep 23 calls

I already own these from $0.95. If I were buying today, I'd probably do the same, but would also consider the October strikes.

Anonymous said...

I want to ride this train like a hobo !!!

Anonymous said...

"Prechter is very bullish on the US Dollar, suggesting a surge higher in the coming months" What is now? heading lower again one week later after your post(9/3).