Investment Capitalist

US Dollar Index Daily Chart: US Dollar Index confirmed uptrend in June, new intermediate term high at $74. Price continued to consolidate forming a base before breaking out above consolidation and 200d-MA. Small retracement in form of bull flag continuation pattern. Achieved its target and formed a negative momentum divergence at upper Bollinger Band – [...]

Week of September 16 WED: Overnight thoughts: If Morgan is considering a takeover, then Morgan is in trouble. And as LEH showed, the downward spiral is viscous. It has to fall. Think about it. All financial counterparties to MS are looking to eliminate risk as fast as possible. Whether MS is well capitalized or not [...]