Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

ETF2Watch: US Dollar

|Includes:ARIA, CELG, ENDP, GLD, IMGN, SPPI, PowerShares DB USD Bull ETF (UUP)
 APPLICABLE TODAY


Back on November 20, 2009, I noted the following:
PLAYING THE DOUBLE DIP

1. Get Defensive: Drug Makers &  Consumer Goods
Here, I like small cap drug makers best.  Examples, I like and own both Spectrum Pharma (NASDAQ:SPPI) and Ariad Pharma (NASDAQ:ARIA)

Other potentially positive, near-term plays include: ENDP, ONXX, CELG, CEPH, IMGN, and OSIP (as of 11/20/09).

2. When "IT" hits the fan - deflation pressure or a market correction (currently ongoing):  The US Dollar is viewed as a safe haven.  

Here, investors should set aside inflation fears and  buy some Dollars via PowerShares DB US Dollar Index Bullish (UUP).  During such a downturn, correction or double dip, Oil should be sold and/or avoided.  Observe Gold (NYSEARCA:GLD) and most all other commodities from the sidelines.
Click to enlarge
versus
Click to enlarge

Disclosure Long ARIA and SPPI. 
Stocks: UUP, GLD, SPPI, ARIA, ENDP, CELG, IMGN