Chart o’ the Day: Where the Dollar “Should” Stop

Posted by

There’s really nothing else to talk about other than the US dollar. A convergence of various factors has sent the greenback soaring against the basket all quarter long and it’s had a huge impact on the stock market (not a good one). The higher the US dollar, the worse things get for commodity-related stocks (oil is priced in dollars globally) and the higher the potential for multi-nationals in every other industry to take currency-related hits to their future earnings.

We may have a bit of good news on the dollar front, however, as it’s right now coming into technical overhead resistance based on a long-term trendline. In addition, dollar bull sentiment is screaming-hot on the heels of its sixth best quarterly performance ever.

Here’s my friend Chris Kimble’s chart illustrating the potential for a stop (at least a pause) at these levels. As always, you may click to embiggen…

kimble dollar

Source:

Kimble Charting Solutions

Follow Chris on Twitter

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. performance testing automation commented on Nov 12

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  2. DevOps commented on Dec 09

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  3. td login commented on Dec 14

    … [Trackback]

    […] There you will find 67442 additional Info on that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  4. functional testing solutions commented on Dec 20

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  5. 토토검증 commented on Dec 22

    … [Trackback]

    […] Here you will find 4845 additional Info to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  6. Skrotbil Göteborg commented on Jan 23

    … [Trackback]

    […] There you can find 37853 more Info to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

HowIInvestMyMoney