Sorry for not posting in a while, my real job has kept me busy. The dollar has made a swing low for I believe the next 6 to 10 weeks, and with that we should see pressure in the oil, commodities and emerging markets. This is coinciding with the end of the insanity of the Europe hope and dream campaign.
I took on three trades today, EDZ at $23, DTO at $57.50, and FAZ at $50. I closed FAZ for a quick profit and trimmed DTO a bit, but am ready to add to all three with a break in trend on the dollar. It was gratifying to see Tim (slopeofhope.com) mention EDZ today, as it is my favorite risk off trade.
If you value cycle theory as I do, we can expect a larger than normal move for the dollar. This will crush gold and silver as well, and bring us to some compelling buys in both towards year end. Here are some charts as reference.