UUPDollar just broke through the 200. Someone has stepped in and is buying the debt like there is no tomorrow. (Central Banks and FED) This is also why the 10 year is dropping like flies on a bad winter day.
Key stats
About Invesco DB USD Index Bullish Fund ETF
Home page
Inception date
Feb 20, 2007
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
UUP goes long the US dollar and shorts the currencies of major US trading partners using USDX futures. Specifically, the fund is shorting the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. The USDX's currency weights have been fixed since 1973: It departs from its benchmark by being heavily exposed to the euro, so positive moves in the euro will have strong, negative impacts on the fund. Structured as a commodities pool, UUP distributes K-1s and is marked-to-market at year-end.
Classification
What's in the fund
Exposure type
Mutual fund
Government
Bonds, Cash & Other100.00%
Mutual fund51.26%
Government42.77%
Cash5.97%
Miscellaneous−0.00%
Top 10 holdings
Bearish potential detected for UUP & DXY (ie --> USD weakness)Following US dollar strength looking at DXY during the final hour of trade this morning on the US markets, both DXY and UUP represent a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, aligning with technical indicators of RSI a
US $ set to decline to below 27 in Uup Dxy to 93The chart posted is coming to the end of the up cycle to end wave C up for WAVE B TOP the US $ should now breakdown to into lows into a major cycle low due mid march below 27in uup and in the dxy we are going to see a print of 93 into this next
Using ETFs TLT, HYG, UUP, BITO for daily flavor of sentimentTLT (iShares 20+ Year Treasury Bond ETF)
Risk-Off Indicator: When investors are skittish, they often flock to the safety of long-term U.S. Treasury bonds, pushing the price of TLT up. A rising TLT often signals decreasing risk appetite.
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Risk-On In
The dollar looks bullishI really don't think the dollar is going lower here. We've largely been moving sideway for the past 6 months consolidating.
You'll see on the chart that price action in January fell below key support. Then after that we rallied and tested the 200 DMA 3 times and have also retested support 3 times a
King Dollar trying to wake up after a 10% correction from highsThe Dollar has been in a steady decline since topping out in October, however, the looks of that decline could be finally turning.
Bulls are trying to show some signs of life down here to kick off the new year.
Currently holding a long position for a trade looking for higher.
Dollar to the upsideThere is a lot of conviction in this dollar trade via UUP and we still believe that once companies start reporting in the next quarter we will see the true nature of this bear market. Hold UUP as a key core foundational position with this ratio.
UUP Dollar Index getting closer to resistance levels UUP hitting upper trendline in parallel channel (yellow) and also nearing longer term resistance trendline (red). Expect pull back in UUP to 29.5 levels soon
Long the US Dollar Again pertaining to the Macro environment, it is a good idea to be on the long dollar side of things.
More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds.
Keep in tune for our
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.