No it doesn't look like the FOMC statement is going to be the trigger to turn the dollar back down. At 50+ days in the current daily cycle something soon should give the market an excuse to turn the dollar back down into an intermediate decline.
LOL as I keep stressing the majority of capital should be in the stock market. We are killing it with the triple leveraged funds that we bought way back at S&P 1928.
Great call on the dollar post-FOMC- not
ReplyDeleteNo it doesn't look like the FOMC statement is going to be the trigger to turn the dollar back down. At 50+ days in the current daily cycle something soon should give the market an excuse to turn the dollar back down into an intermediate decline.
ReplyDeleteDollar strength is being driven mostly by weakness in the yen which took a dive when the Fed statement came out.
ReplyDeletebut...but...those SLV leaps ????
ReplyDeleteMaybe a coin toss would yield better results.
ReplyDeleteLOL as I keep stressing the majority of capital should be in the stock market. We are killing it with the triple leveraged funds that we bought way back at S&P 1928.
DeleteNice try though :)