Monday, April 9, 2012

Expecting at least a short move up in USO

I'll follow up with a more in depth update, but the action in the $USD suggests a move higher in case any one wants to play it, you might consider a stop below today's intraday lows.

 There's more to it then a simple divergence between USO and the dollar highlighted here with the Euro which is 50% of the $USD Index.

The dollar sliding is also seen here intraday using UUP, this should be helpful to most risk assets intraday. I may look at a quick position for the model portfolio buying calls.

Follow up coming.

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