Long the Dollar

By -

0826-uup

I've got to say, I'm really scratching my head over this morning's action. Plenty of weakness to go around, and then 40 minutes into the day, I'm looking at red on the bottom line. Weird! And this is in spite of ample amounts of help from a strong dollar.

In any case, UUP is by far my biggest cash position, and it's so danged slow to move, I figure I will be holding on to it for quite a while.