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The dollar index nears the dreaded "death cross" - the 50-day moving average moving below the...

The dollar index nears the dreaded "death cross" - the 50-day moving average moving below the 200-day moving average. To the technicians who mostly populate foreign exchange trading, the pattern is thought to confirm the start of a new downtrend. The dollar bull ETF (UUP) looks to have already completed the formation.
Comments (3)
  • Yes, and the CME has added the third, fourth, and fifth digits in various "dollar sensitive" hard assets.
    12 Oct 2012, 11:08 AM Reply Like
  • Not to worry -- the USD and equities are negatively correlated.
    12 Oct 2012, 11:12 AM Reply Like
  • This is good for equities right?
    12 Oct 2012, 12:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)