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Recommend a US Dollar ETF: UUP
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Recommend a US Dollar ETF: UUP# Stock
b*1
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As Murphy said today, it's bottoming.
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b*1
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Murphy:
Here's how I see the short-term intermarket scenario playing itself out. A
stock market rebound is in play. That's causing bond prices to drop and bond
yields to rise. Rising U.S. bond yields are boosting the U.S. Dollar. The
stronger dollar is causing selling in commodity markets. Chart 12 shows the
PowerShares US Dollar Bullish ETF (UUP) trading over its 50-day moving
average today for the first time in a month. That's one of the reasons that
gold and oil are selling off, and why stock
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