A Peak Under The Hood: Old Bucky

Mission

A Peak Under The Hood will be dedicated to providing unique insights into macro topics happening around the world and how these topics may affect financial markets. We will try to provide an entertaining, but informative blog, on subjects ranging from Real Estate, Mortgage Markets, Commodities, Major Stock Indexes, Bonds, and Select Trading Ideas. Our site will contain original posts, charts and also include opinions from outside investors and reporters who furnish original thoughts. We will attempt to dig deeper than what can be found on major network financial news outlets and it is our hope that you will continue to visit the site as we provide intelligent analysis that may be counter intuitive to mainstream ideas.

Thursday, February 3, 2011

Old Bucky

While it is common thought these days that the dollar is a horrible, no good, worthless relic looking at a quick chart shows an interesting development.

It does appear that old Bucky has been in an important uptrend completing higher lows since March of 2008. That is almost 3 years. We do not pretend to predict the future, and have no way of knowing if this will continue, but it could! Also notice that it appears to sit on important support right now, that if broken, could put the 3 year up trend in jeopardy. - I will take the dollar for 100 Alex!