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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
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  • The Greenback Is At Critical Levels  0 comments
    Apr 8, 2011 2:40 PM

    HedgeFundLIVE.com — Since I’ve been here I have  been emphasizing the basic principles of trading. Basically trading what you see not what you think. If the market is strong stocks should go higher and vice versa.  Today I would like to postulate a thesis that I think will play out in the next week. It is totally technically based off of the good old American greenback.  As we speak the dollar  index is trading at around 75.30, with support around the 75 level. I anticipate that around these levels we should see some money coming into the greenback .  

    What should transpire from here is a sell off in the Euro which will snowball into money coming out of all commodities a la gold and silver. With this market rally 70  percent commodity based a 5-10 percent sell off in our financial markets is not far fetched.  Please keep in mind one thing, this is my first thesis since I’ve been a trader in  20 years.  So if you want to lay down your bets, bet on the greenback.



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