Trading to Win - Stock Market Views and Trading Ideas based on the mix of Technical Analysis and "Funny-mentals" by DavidDT using Tom DeMark Indicators Trading to Win: Time to Switch Gears?
Is the dollar finally going to get the short squeeze a lot of us have been anticipating? It's difficult to guess, but I thought it might be time to review how we can best exploit that trade if this starts to work. The game has basically changed as far as who's leading and lagging today and this is obviously all dollar related. The Dow started lagging early into the tape. These are the stocks that have been relying on the sinking dollar and exports and they seem to be taking quite a lovely hit so far. I apologize for no trend lines on my charts, but my software decided to laugh at me today, but you'll get the gist by just looking at the candles. Anyway... my theory was the RUT would take the biggest hit off of a lower dollar and higher oil, and that trade has worked very well, but again.. it might be time to consider the large caps with international exposure now if the dollar starts a move up. So a few examples in the charts.
I'm reading: Time to Switch Gears? $$Tweet this!