08Apr3:51 pmEST

Clarifying a Point About the Bulletproof Dollar

Into the bell, I just want to clarify that in order for me to presume the Dollar has broken up and tut from the bull flag consolidation we have been discussing, I want to see UUP ETF clear and hold over the $26 level. 

If we do see that, then I would also assume crude and energy stocks could be in for some further downside, if not most commodities in general and derivative miners. 

Until that happens, the same analysis applies--Another weekly bull flag for the Dollar, albeit with the risk being of the rise being too steep beforehand. 

See you after the bell for my video market recap. 

Swimming the Channel Stock Market Recap 04/08/15 ...

 
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