Tag Archives | US Dollar Index

NASDAQ 100 Futures (Daily chart), April 13, 2014

Option Queen Letter

The lines in the sand for the NASDAQ 100 are: 3413.70 and 3396.72. The 200 day moving average is sitting at 3388.23. The S&P 500 will find support at 1792 and 1780. We expect to see these markets open lower and then rally. No we are not totally oversold and continue to have some room […]

Continue Reading 0
US Dollar Index Daily chart, July 14, 2013 for the Option Queen Letter

Option Queen Letter

The US Dollar Index has been out of control, spending its weekly pay check at Bloomingdales, the jewelers and auctions in a fit of absolute manic elation, and on the other hand, and locking itself in a dark room full of despair, confined to an unproductive self-loathing stupor. You guessed it; the US Dollar Index […]

Continue Reading 0

Heads or Tails on the Dollar?

The US dollar is minting 8-month highs after appreciating 5.4% in the last 60 days. Sunday night’s selloff tested the 38.2% Fibonacci level, where prices quickly bounced. June futures are now at 83.50 and will likely close the week above their 20-day MA (dark blue line). 83.50 remains the line in the sand – from […]

Continue Reading 0

The Almighty Greenback

The US dollar has benefitted from being the best house in a bad neighborhood in recent months. Since the first week of February the Greenback has appreciated 5%, low to high, lifting prices to fresh six-month highs. But this party is over, in my opinion. At least for now… I’m calling an interim top at […]

Continue Reading 2