The US Dollar Fund (UUP) broke above its October high and is closing in on a 52-week high this month. With higher highs in September, December and January, the trend here is clearly up. The Commodity Index Fund ($DBC) is not happy though. Notice that this ETF peaked in May and moved lower the last 7-8 months.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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