John Carter Markets Analysis: FXE, USO, XLF, LLTC, LLY, URI, QQQ
We close out the last day of February with one of my favorite trades on the board right now, the US Dollar.
We close out the last day of February with one of my favorite trades on the board right now, the US Dollar. You can play this via UUP or via what's essentially the inverse FXE. This is also going to have implications on oil prices. I'm looking for a move to new lows in USO, which should trigger a less expected move in XLF. There's a few reasons behind this and it's one place I would consider some bearish exposure in an otherwise bullish market. Our existing positions continue to act well but haven't quite met targets. LLY is the weaker of the three taking our second entry on Thursday. If you find yourself with a majority of bullish positions I'm also looking at some puts in QQQ as a hedge.









