Saturday, April 18, 2015

PowerShares DB U.S. Dollar Bullish ETF (NYSE: UUP): This Could be the Contrarian Play of the Year

Two of the most important lessons I’ve learned in more than 20 years of professional analysis and trading are:
1. The market nearly always overreacts, and
2. Investors are blind to the writing on the wall when fundamentals turn.
And I’m glad this is the case, because betting against market overreactions is one of the best ways to make money in the market. It’s how I plan to make 67% with this week’s trade and how we recently closed a 69% winner in Trade of the Week. (more)

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