1pm update - falling dollar... rising equities

With the USD -1.6% @ DXY 97.66,  there is underlying upward pressure on all USD denominated asset classes... even the precious metals. If a mid term retrace to DXY 90/87 zone is underway.. it bodes for at least another few months of broad equity upside.


sp'daily5

UUP, daily

Summary

*UUP is something I've not traded or highlighted on these pages for a very long time. I'll be detailing viable UUP trades... probably later this evening.
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So.. sp'2112....  a mere 7pts to break a new high..... powerful gains....  this is no market for anyone to be attempting short side trades. Utterly pointless.
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Notable strength: copper miners, FX +6.9%