Bullish Developments for Stocks and the U.S. Dollar

Uncategorized, Weekly Update

Bullish Developments for Stocks and the U.S. Dollar


Published October 20, 2017

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We took a couple of charts from a recent presentation made by technical analyst J.C. Parets and his firm All Star Charts to highlight a couple of longer-term trends that you might find interesting.

First, the U.S. dollar has been falling all year as the expected rise in interest rates has not really played out and non-U.S. economies have gained strength. Technically, this drop in the dollar is very near a point of key support, one where we would expect the dollar to stop falling and return to a multi-year uptrend. (more…)