Of the Eleven Assets I Follow UUP is Dead Last.
...however, it's making a move and over the next day or two could find itself up one pushing IEF into last place.
So?
Well the USD is the death star which can pull the asset value out of each of the other ten. I've set up very short pivots on the USD vs. GLD, FXY, PST, and TBF all which underperformed against the greenback.
What this means is that I'm raising cash and will wait for the dollar to run out of steam...if it does.
If it doesn't and continues to move upward I'll then start backing it after it knocks off the contenders.
On the queen bee side it looks like gold will give it up to TBX over the next day or so. FXY is still firmly in place, but as I said I'm selling off 40% holding cash as the dollar steamrolls.
