Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to long-term trends, it does not define them. The focus on short-term noise rather than trends, a source of confusion for the majority of investors, leads to the creation of bagholders at major trend transitions.
Can you see the weekend's headlines, "Trump's escalation of the trade war kills the dollar?" Dollar bulls will likely feel lonely in the coming days, but be disciplined. The headlines and idiots might not support the dollar, but the invisible sure does. The later is the only thing that matters. The Dollar's DI was 26%, even before today's selloff. If the invisible hand is buying the dip, it will rise even higher next week.
Dollar DI
U.S. Dollar Index Review For Friday Aug. 23
Dollar bulls will likely feel lonely in the coming days, but be disciplined.
The US Dollar Index's overall trend, revealed by trends of price, leverage, and time, are defined in the The Matrix for subscribers. Follow me on Twitter or facebook for further discussion.
Content provided by Eric De Groot is intended as general information and not specific recommendations. Individuals are responsible for their own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable, but there is no guarantee results will be accurate or profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned in my articles. Readers are encouraged to conduct their own research and due diligence and/or obtain professional advice before making any investment decision.
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