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Forum - Wall Street Pit (Powershares Db Us Dollar Index Bullish - UUP)    Stock Due Diligence for All

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From: springbok (Rep: 56) reply to cube1984Date: 02/21/2013 08:47
Forum: Wall Street Pit - Msg #2352378 - List UUP msgs Thread #673503736 (Rec: 0)
If gold rebounds dollar goes the otherway

Reply to cube1984 - Msg #2352376 - 02/21/2013 08:44

How much upside is there on the dollar? Know your levels!

More problems in Europe means that more people will run to the dollar so as you can see on the daily $UUP (tracking etf for the dollar) this is getting short-term overbought! If there are more problems coming out of Europe the dollar will go higher!

Traders must see this as a good opportunity to watch for a bounce in these markets to pick up some more short positions!

My levels on the $UUP are:
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