Two Ways: Money Supply Contracts in Europe and US
Strengthen your portfolio in good times and bad.
For more context, see Professor Kevin Depew's Five Things: The Debt Crisis is not a Conspiracy.
From the Bull Pen: If deflation is the theme, consider the US dollar fund (UUP). Those playing it can set a trailing sell stop below $22.30.
From the Bear Cave: Keep an eye on the Russell 2000 ETF (IWM). If your style is to short failed rallies, watch for a failed comeback near $62. Enter if and when, and remember to set a buy stop above that level.
A Quick Check Around the World
Asian trading closed with the Nikkei -1.35%, India -0.43%, Hang Seng -1.84%, Shanghai -2.83%, and Taiwan -1.61%.
Across the pond, we see the FTSE -1.77%, CAC -1.67%, DAX -1.64%
As of 7:50 a.m. EST, S&P Futures are trading -6.25 to 1054.25 and Nasdaq futures are -6.000 to 1714.00.
A Look at Commodities
Over in commodities, crude oil is -0.64 to 78.91 while gold is -3.00 to 1032.40 this morning. Silver is -0.63 to 16.435 and copper -4.000 to 295.90.
The dollar index is +0.1600 to 76.4400.
On the Radar
08:30 Durable Orders 0.7% cons.
08:30 Durable Orders ex Transportation 0.8% cons.
10:00 New Home Sales 440k cons.
10:30 Crude Inventories
Click here for the full trading radar.
Happy Hump Day! Good luck!
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