sp'60min
UUP, daily2
Summary
*I remain highly focused on the USD (see UUP chart)... which looks to be cooling into late June/early July. Once the USD floors... a few trade ideas I will consider will be long UUP, short Gold - via GLD, and even short the equity market.
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A morning of weak chop.. but we are clearly holding the lows.
notable strength: Ford (F) +1.4%.. although broader price structure looks ugly to the low $13s later this summer.
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time to cook
11.05am.. Transports -1.4%... but well above the recent lows.. from a pure cycle perspective... its due a new multi-week up wave.