Traders,

Have you pulled up a chart of the U.S. dollar lately? It’s engaged in a gravity defiance campaign of a decade. Nay, two decades. Fueled by ballooning interest rates and a Federal Reserve that promised inflation would come to heel, America’s currency has flown to its highest level in twenty years.

And it has risk assets shaking in their boots. Gold, bonds, stocks, crypto – you name it. They all exhibit a negative correlation to the buck. So if you want the pain to stop, root for the dollar bull to take a rest.

Two other points.

① First, a strong dollar hurts multinational companies because it reduces their profits from sales abroad.

② Second, a strong dollar generally causes U.S. equities to do better than their foreign counterparts. And, sometimes, “do better” means they fall less.

If there’s a silver lining to all this chest-thumping by the increasingly obnoxious U.S. dollar, traveling abroad is getting cheaper by the day.

Video Of The Day: How to use Forex Factory Economic Calendar

Learn how to use the Forex Factory economic calendar in this tutorial.

Chart of the Day: Dollar Index ($UUP)

The Invesco Dollar Index is on a rocketship ride to space.

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Managing Losing Bull Put Spreads

How do you manage a losing bull put spread? Today’s video explores where to place the stop loss and two adjustment techniques: rolling to a condor and rolling down or down & out.

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode where Coaches Frank & Gino discuss important numbers that determine Bull or Bear control, setting alerts on them, and trade management or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

Trade Masters 7:00 PM EST

Every Wednesday at 7 PM EST join us on the Trade Masters where two Coaches go head-to-head to see who can find the best trading setup.

Trading Justice 492: Ark Dogs

In episode 492 of the Trading Justice Podcast, Coaches Mark and Matt Justice take a journey through the market skyline discussing the importance of the support levels in the market index (3900) and Crude Oil (85-86).

They also discuss a theory in the market regarding the market finding a bottom in a majority of stocks but not the major blue chips.

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