Bernanke’s Bucks are on the line. We are t-minus 6 trading hours here until game time. To pander, or not to pander, remains the question…
I made the call on The Maintenance Man (Bernanke) in my Early Look today… and to be clear, I want to make it again:
- I am short the US Dollar into/out of the next 3-6 trading days of this FOMC statement
- I am long most things that anchor on the price of the US Dollar declining
- I am expecting group-thinkers to short low and cover high all the while
The US Dollar remains broken across all 3 of our key investment durations (TRADE, TREND, and TAIL). See the chart below for our resistance levels. This is one of my key macro roadmaps:
- 1. TRADE = $79.96
- 2. TREND = $81.03
- 3. TAIL = $82.82
Buying red,
KM
Keith R. McCullough
Chief Executive Officer