Death Cross for the Dollar?

When the 50 day moving average price of a stock moves below the 200 day moving average, technical analysts declare a “death cross” with the implication of future lower prices.

Turns out that the PowerShares DB US Dollar Bullish Fund (UUP) is near the death cross according to John Spence.  The last death cross occurred in the spring of 2009 and correctly predicted a sharp downturn in UUP and a rally in stocks.

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