04-06-2020, 08:59 AM
This article provides an excellent analysis of why I continue to add to long-dated (January, 2022) UUP Puts:
https://seekingalpha.com/article/4336136...on-problem
Dollar index should top around the time the time the market bottoms. Makes for a handy canary in the coal mine.
Dollar index continuing to rise steadily is also the reason I am not buying into the recent market rallies, and consider them to be typical bear market rallies.
When the crossover happens, my strategy is to unload SPY puts, use most of the proceeds to buy Dividend Kings and Aristocrats with pristine balance sheets, and add some more UUP Puts, USO calls, and calls in something like EWY (South Korea ETF).
https://seekingalpha.com/article/4336136...on-problem
Dollar index should top around the time the time the market bottoms. Makes for a handy canary in the coal mine.
Dollar index continuing to rise steadily is also the reason I am not buying into the recent market rallies, and consider them to be typical bear market rallies.
When the crossover happens, my strategy is to unload SPY puts, use most of the proceeds to buy Dividend Kings and Aristocrats with pristine balance sheets, and add some more UUP Puts, USO calls, and calls in something like EWY (South Korea ETF).