Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

The U.S. Dollar is Bending, but Will It Break?

The elephant in the trading room this morning is the U.S. Dollar (DXY).

Let's take a look at the nearer-term DXY breakdown below a key Feb-May support line at 98.40, but the real story is embedded in the weekly DXY chart, which shows that the price structure is pressing on a two-year up-trendline, the violation of which could have meaningful consequences for the financial and commodity markets.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!