A Year-End Rally for the Buck?

Most folks are looking for the buck to break down. [Jeff Clark's Market Minute]( A Year-End Rally for the Buck? By Jeff Clark, editor, Market Minute The dollar is setting up for a rally… That’s not the popular opinion, of course. Most folks are looking for the buck to break down. You can’t blame them. After all, the Treasury Department’s printing press has been working overtime to create enough dollars to fund Washington’s non-stop spending programs. And the talk of a Fed “pivot” to reverse some of the recent interest rate increases grew louder this week following a cooler-than-expected consumer price index (CPI) report. These factors are destined to devalue the dollar in the long term. Recommended Link [Triple Your Retirement in 8 Days or Wait 37 Years?]( [image]( Triple your retirement in just 8 days? Sounds crazy, right? Yet one millionaire trader is doing the unthinkable, time and time again. Check it out… [373% Gain | 8 Days | $75 Investment]( Stay-at-home trader Jeff Clark is nailing wins of 373% in as little as 8 days… Turning every $1,000 into $4,730! Jeff is now coming out of the woodwork to reveal his controversial ‘ONE STOCK’ strategy. [Allowing anyone to collect massive, quick, and cheap returns in ANY market (up OR down).]( All by simply trading ONE stock… ONCE per month… [Click here]( to find out how you can profit (in any market) starting today. [Click Here to Watch a Live DEMO.]( -- The greenback has already lost 5% of its value over the past two months. And it’s almost certainly headed lower over the next year. But for the next few weeks, the setup favors a rally. Take a look at this daily chart of the U.S. Dollar Index (USD)… [(Click here to expand image)]( As the dollar index has been making lower lows over the past month, the various technical momentum indicators at the bottom of the chart (MACD, RSI, CCI) have been making higher lows. This sort of positive divergence is often an early warning sign of an impending rally. Also, the index is trading today about 5% below its 50-day moving average (MA – blue line). The buck rarely strays more than 3% from its MA before reversing course and heading back toward the line. So, it sure looks like the dollar is setting up for an oversold rally. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Even just a modest bounce from here could push the U.S. Dollar Index back up toward the 108 level. That’s where it was trading just over one month ago. And that’s likely where the 50-day moving average will drop to over the next two weeks. [Financial genius reveals unusual investment strategy that works in ANY market]( Of course, as the dollar rallies, assets that typically trade opposite to the buck will likely fall. For example, gold and gold stocks will probably be a bit lower in the days ahead. But keep in mind that any bounce in the buck will be temporary. The longer-term outlook for the dollar is bearish. So any short-term weakness in gold and gold stocks will be temporary too. Best regards and good trading, [signature] Jeff Clark Reader Mailbag In today’s mailbag, a [Jeff Clark Trader]( member shares his success with Jeff’s trade recommendations… I’m very pleased with Jeff Clark Trader. GDX has been very profitable for me and the updates throughout the day are most helpful. Your updates today helped me make a good trade on BOIL. I went in a few days ago at just under $3,000 and got out this morning at a little over $4,200. I went in the GDX trade on December 16 at a $27.00 strike (a few days after the recommendation) and made a $7,000 profit. Thanks Jeff. With The Delta Report, I’ve made a little on SSO and SOFI. I didn’t get HBI on my bid. With APP, I got in at .90. It’s currently trading at .20. I would’ve averaged down, but I’m waiting on the market reaction to the Fed before taking further action. Jeff, I hope you and your family have a Merry Christmas. – Robert H. Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at feedback@jeffclarktrader.com. In Case You Missed It… Top Expert on Seeking Alpha reveals: [The SWAN Retirement Blueprint]( How to make all the money you need for a comfortable retirement – in any market – with a small portfolio of unique stocks. [Click here for details – including the name and ticker of his #1 stock.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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