DXY about to Break Out. SHORT EEM
I'm being patient in this market. Stocks are up while the Dollar is up. Very rarely do you get a divergence from the inverse relationship between DXY and S&P. Meaning sometimes when the dollar goes up s&p can go up as well. But, one thing that is for certain is: Foreign governments that require US dollar reserves will end up paying relatively more to obtain those dollars. So, I will be shorting the EEM.
That is a warning sign for s&p also. DXY can only rise so long before s&p is affected. I will be watching GDX, DXY and 2 year treasury yields this week.
That is a warning sign for s&p also. DXY can only rise so long before s&p is affected. I will be watching GDX, DXY and 2 year treasury yields this week.
ملاحظة
EEM short will pay the mortgage for this year. Very low risk short.
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