Category Archives: Commodities

A Dollar and (My) Two Cents

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Quite a Friday we had last week, huh? Upon checking my “End of Week” Charts, I noticed some interesting behaviour and thought I’d share my observations.  Last weekend sometime, I shared a weekly chart of the US Dollar and that it was approaching its 20 week MA.  I use the 20week and 20day moving averages as basic bull/bear filters.  I’m only bullish on stocks that are above both and I’m only bearish on stocks that are below both.

I find this makes for an easy and efficient filter.  I thought that the US Dollar had reversed short of the test until I saw it after the close Friday and realized it had tested the 20week MA exactly.  Take a look. (click any chart for a larger size version)

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Next Mover: Inventory Report

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It’s been another everything-is-grinding-higher (except gold, of course) night session, although crude has lost some of its earlier verve after yesterday evening’s API report. The next “event” is the weekly inventory report from U.S. Energy as we approach the $50 mark. The outcome of this report will help determine whether or not I decide to pursue one of the exciting work-at-home opportunities on the Internet we see in comments from time to time.

0525-crude

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Night Moves

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I always grumble at how early my biggest dog wakes me up, but it always is the right amount of time to get ready for the day. Thus, here are three quick charts to share………

First up is the USD/JPY; my Slope Plus readers know I went bullish on the dollar last week (by way of short FXY and FXE positions), and the Yen is being particularly cooperative. So far, so good.

0509-usd

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