• Hedgeye Investing Summit: A Special HedgeyeTV Webcast Event

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications. Join Hedgeye CEO Keith McCullough and our special guests live from October 14-16.

I flashed this chart earlier in the week when the US$ was at the "goal line". It's not anymore. It's in the end zone. And it's bullish - big time.

My critical resistance level was 75.08, and the US Dollar Index is trading comfortably above that now at 75.77, up a whopping +5% since July 14th (when the S&P 500 hit an intraday low of 1201).

Dollar up, Euro down, Commodities down, inflation abates... I like it, for a "Trade".
KM
  • US$ Breaking Out
(chart courtesy of stockcharts.com)