King Dollar is Back, Baby
Having met our previous target of 92.50, then cooling off a bit in recent trade, we're seeing the dollar make a run for a potential new near term high. Our new target is the 200MA (M) around 95.25. If long ended yields catch intraday support off their 21 day EMA's, we could see another leg higher toward 2% on the 10Y yield, and the 2.5% level on the 30Y yield, implying a rough month/quarter end for both the bond, and stock market. Let's see what happens as the majors lose critical supports...
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