Some fears in Spain and Italy triggered a move away from risk as the US Dollar Fund (UUP) and the 20+ Year T-Bond ETF (TLT) surged on Monday. Even though the Dollar is up sharply, also note that the Gold SPDR (GLD) is up and gold is attracting money.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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