Of late the markets choppy action has been somewhat boring, kind of like a rocking chair…its keeps you busy, yet you get nowhere!  Is the boring action about to end?


The Dollar ran into a brick wall of resistance at (1) 6 weeks ago.  Now the Dollar is making a second attempt to get above resistance and its 38% resistance level at zone (2). 

So far a breakout HAS NOT taken place and RESISTANCE IS BACK AT HAND… yet if the Dollar can muster up enough strength to close a couple of percent above the 79 level, the lack of trend of late will come to an end!  

Portfolio construction/positions will be extremely important should the Dollar breakout and will be key to the Shanghai and Commodities (see post here)

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past