Dollar Hurting the I-Fund

[tsptalk]

The dollar is up big again today after the strong jobs report.

The I-fund continues to feel the pressure from this $ rally.

 

[Nordic]

It's almost tempting to buy some I Fund today with the dollar up 1.4%, rockets have to come back down to earth don't they? :suspicious:

 

[InsaneZane1]

Too many bad economic reports have been coming out on the international front. The I Fund has been in a downward trend since it peaked in late June. A 3+ month bear trend = clear evidence of recession characteristics that are consistent with the kind of reports that have been coming out of major international markets. Just my opinion, but you're definitely playing with a volatile chemical that is already on fire if you have or put any of your money in the I Fund at the moment. I agree that it's bound to turn around eventually. But I'd expect better earnings reports and other positive indicators to present themselves FIRST before I'd be willing to put my money back into that fund.

 

[tsptalk]

Re: imported post

The dollar's up solidly today and so far the EFA (I-fund) isn't participating in today's rally.

 

[InsaneZane1]

Re: imported post

I read earlier that Japan's markets were closed today for a holiday. I also saw info that regulatory action in Italy was negatively affecting their Utilities stocks. I think that combo - in addition to the Dollar/Yen info you posted may have a fair amount to do with the I Fund's struggles today. I'm betting the next couple of days will see weakness too, since the ECB will be meeting on Thursday.

 

[JTH]

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Watching the Dollar on the .25% box scale, we can see the ascending triangle hinting at a breakout. Notice the triple top and higher O trailed by a double O bottom for support.

View attachment 31426
View attachment 31427

 

[JTH]

___
Watching the Dollar on the .25% box scale, we can see the ascending triangle hinting at a breakout. Notice the triple top and higher O trailed by a double O bottom for support.

Triple Top Breakout, I believe we'll need to add at least 1 more box (to avoid triggering a bear trap) and/or to get a revised price objective (the current one has been met).

View attachment 31434
View attachment 31436

 

[Nordic]

"Lower 34 and 55 MA Bollinger Bands have yet to curl up to indicate a top has been put in place, so based upon this, there is at least another 6-8 months before any sort of a top is put in place."

Current US Dollar Trend Defined | David Petch | Safehaven.com


If true, could be continued weakness in the I Fund. Quite the dollar rally...