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Friday, November 18, 2011

UUP Breakout



UUP is an investment that seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. The US dollar and the S&P 500 have had an inverse relationship over the past several years. The factors that send the dollar higher are usually the same factors that send the S&P 500 lower – and vice versa. . . .
http://www.investedcentral.com/blogs/index.php/2011/11/17/invested-central-chart-of-the-day-uup/

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