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Today’s pullback caused no technical damage so the drop today is actually a non-event.

The dollar finally bounced but it was only a retest of resistance. I’ll be watching to see if UUP can bust through the $23.80-$23.90 range. If resistance is broken, this obviously has negative implications for commodities.
I have been moving up my stops [...]

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§281 · June 3, 2009 · SOL · View Comments ·


Story of the day is the dollar. It is finally rebounding and commodities are getting killed today.
I don’t have a lot of conviction about it, but I am playing today as a “pullback” and a “buying opportunity” since we cleared resistance on June 1. My stops are generally tight.
- Stopped out of FXB (played this [...]

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§280 · June 3, 2009 · SOL · View Comments ·