UUP - Medium Term Bullish / Short Term Neutral to Bearish
The global juncture is US$ favourable.
Countries around the world have sold significant amounts of sovereign debt denominated in US$, Now facing deteriorating economies, these countries will find it increasingly difficult to repay their debts. US$ hoarding is the name of the game.
By end 2020 we should have a complete wind down of technicals and, perhaps, even a retest of the 2012 in the uptrend. But then, US$ hoarding should begin in earnest around US election time Nov/Dec.
Countries around the world have sold significant amounts of sovereign debt denominated in US$, Now facing deteriorating economies, these countries will find it increasingly difficult to repay their debts. US$ hoarding is the name of the game.
By end 2020 we should have a complete wind down of technicals and, perhaps, even a retest of the 2012 in the uptrend. But then, US$ hoarding should begin in earnest around US election time Nov/Dec.
Comment:
comment above belongs to a different stock idea. Apologies
If between now and the 12th YY makes an impulse leg up, I would consider selling on the news.