The dollar gets a buy! ($usd)

May Rotations: Core: wheat, Featured: US dollar

Signals: wheat short 4/29 (TSP=487.50), US dollar buy 5/11 (TSP= waiting)

Model Notes: The US dollar model issues a buy! The downside expectation here is 93, with the trend now pointed up. This is the first signal for the period (May). On the wheat side the model sell is still in the money. Both signals appear good and the models appear in sync with their markets.

Note: TSP is calculated by using the closing price of the trading day after the signal day. It is more realistic for trading calculations/evaluations.

Nonlinear Trading Themes:

  • CTM160511wWheat Trading Signals (May core market) The Apr 29 sell short is still working and it is not clear that the grain is going to hold at the $455 support level. So far the market is pausing the downward move but there chart does not seem to be signaling a reversal. Model is still short.
  • CTM160511uUS Dollar Trading Signals (May feature): The dollar models are now registering a buy. We won’t know the TSP until tomorrow’s close. We have near-term chart support at about 93. This is not far from today’s close (limited downside expectations). The model portfolio is now bullish.

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Take a minute to peruse the US Equities tab. I recently posted the S&P 500 postmortem. I think you will be pleased.

GH Garrett – Chief market analyst for  © 2015-2016, “Nonlinear signals that matter in gold (and wheat)  trading.”