In today's trader tip video, I'll talk about the US Dollar Index ETF (UUP), states Chris Vermeulen of The Technical Traders.
We have been talking about the UUP for the past couple of months which has been one of the strongest currencies. UUP has also been trending higher while the rest of the stock and bond market has been falling.
We also talked about the BIL last week which is the one to three-year T–Note. It is pretty much a cash position. You can earn a little bit of interest while sitting in cash. Overall, those really have been the two major plays. We’ve been in these plays, watching the cash and the dollar market really since February.
