Click title for Bloomberg wrap. The Euro will get sold in here and the dollar will be bought, for how long time will tell. This repositioning will be good for stocks and lousy for commodities, at least short term. It's still a traders market big time.
Showing posts with label dollar. Show all posts
Showing posts with label dollar. Show all posts
Friday, March 21, 2008
Wednesday, March 19, 2008
Stronger U.S. Dollar Plays on Shortside
I think the next "event" for the market will be increased noise on the G7 and the meeting in a couple of weeks to firm the Dollar. I have 4 shorts that play this. I think the inability of the dollar to go lower with yesterdays Fed cut will result in the already crowded commodity complex to decline.
GLD- short
TLT- short
XME- short
USO- already short
Subscribe to:
Posts (Atom)
About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
