Daily Archives: July 7, 2020

Showing articles 1 - 2 (2 total)

01Oct3:29 pmEST

So Close You Can Almost Taste It

Quick note into the bell here as the Nasdaq tries to offset small cap damage today: Note how exhausted the U.S. Dollar looks today, clearly short-term overbought on the UUP ETF daily chart (UUP is simply the U.S. Dollar versus a basket of developed economies' currencies).  As you know, the Dollar and gold often have an inverse relationship, but...

01Oct11:07 amEST

Manufactured Chop

Weak ISM manufacturing data figures to have been the culprit to reverse a strong open in the IWM as well as the market at-large this morning. As I write this, the small caps are now slightly in the red on the day, setting up another test of mettle in terms of whether dip-buyers have the gumption to step back into what remains a notably choppy...

 
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