Chart of the Day: US Dollar Index at Support via @Position_Trader

Phil Pearlman

Last night, @Position_Trader posted a 3 year chart on his excellent blog Trade to Learn of the US Dollar Index ($USDX) that shows that we’ve touched (and even breached briefly) a multi year trend line that it last touched in December of 2009.

I love it because it is so simple but tells a heck of a story. Its do or die time here and every other asset class from equities to gold to oil to debt stand vigilant by the bounce off of or break down from this level.

Phil Pearlman

Phil is the executive editor of StockTwits and an investor in the company. He is a partner at Social Leverage, LLC and makes early stage investments in web based companies. He is obsessed with the psychosocial aspects of user experience and online community development. Phil ran a long/short equity hedge fund which focused on behavioral strategies and currently runs a private account. He began his trading career back in the day with a Datek account and an attitude. He has always loved to buy fear and sell euphoria. Phil earned a doctorate in clinical psychology from Argosy University and a BA in English from the University of Maryland. He lives with his wife and two boys in Montebello, New York. Archive of posts


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