UUP is based on the Deutsche Bank Long US Dollar Index (USDX®) Futures Index™ (DB Long USD Futures Index), The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of long USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
Short on a daily basis with the stop at 22.06 near the 50% retracement of the 22.30 – 21.79 move.

Short on a weekly basis with the stop up 3.4% of the close.

No comments:
Post a Comment