Friday, July 17, 2015

NOT JUST FOREX: USD Reinforced Position Via UUP

The #housing data has again been the main driver to this market, with the #USD moving well within its establish trend higher. Sitting on tight with #UUP yesterday was @25.30 compared with its current levels @25.60 taking its due from the USD Index. Take note of the consecutive volume build up that provided the early signal that the probability of prices would eventually move to the inclining tech angle higher at the mid-range levels of the Pitchfork

Meanwhile, the N225 (NKY) earlier in Asia just managed to get back lost ground with the #USDJPY now @124 even levels. Wile the rest of our long running stock picks for keeps just simply could not stop the ball rolling. Way to go...#SBUX #GOOG, #FB, 
  


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