US Dollar is UUP

The US dollar index (UUP) moved higher this morning and now sits above its previous resistance lines and all its moving averages. If the 200 dma holds, this marks an important trend change that I expect will change the flavor of the market. With the 20 and 50 dma's below the 200 this isn't a roaring uptrend, but we've gotten used to operating in a declining-dollar environment for the last nine months, and the primary trend is shifting. It is time to stay nimble. Here is the chart: