Selling UUP

Everything moves way too fast this year. 10% moves of S&P in two or three days. Currency exchange rates go up or down 15 or more percent in couple of months. Great stocks drop 50% or more in a month. What do we do? We stay nimble.

I bought UUP in August and increased position in September to take advantage of rising dollar. Wanted to make about 10% in half a year or maybe a year term. It's up more than 15% in less than three months! Chart looked just too much parabolic until the end of October, and now it's range bound. Fundamentally, dollar should stay strong, but who knows, in this market. Today I sold UUP into strength.

Full disclosure: at the moment of publication author didn't have any positions in UUP. Positions can change any time.