UUP - Medium Term Bullish / Short Term Neutral to Bearish
Updated
The global juncture is US$ favourable.
Countries around the world have sold significant amounts of sovereign debt denominated in US$, Now facing deteriorating economies, these countries will find it increasingly difficult to repay their debts. US$ hoarding is the name of the game.
By end 2020 we should have a complete wind down of technicals and, perhaps, even a retest of the 2012 in the uptrend. But then, US$ hoarding should begin in earnest around US election time Nov/Dec.
Countries around the world have sold significant amounts of sovereign debt denominated in US$, Now facing deteriorating economies, these countries will find it increasingly difficult to repay their debts. US$ hoarding is the name of the game.
By end 2020 we should have a complete wind down of technicals and, perhaps, even a retest of the 2012 in the uptrend. But then, US$ hoarding should begin in earnest around US election time Nov/Dec.
Note
Earnings on August 12thIf between now and the 12th YY makes an impulse leg up, I would consider selling on the news.
Note
comment above belongs to a different stock idea. Apologies
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