Sell All UUP at $23.45

I’m booking a 10% gain since I went long on UUP on 9/25/09. I’m concerned about a today’s headlines about the Canadian Dollar Currently the Canadian Dollar is trading at .978091 USD.

Canadian dollar surges on jobs data
MarketWatch – William L. Watts – ‎5 hours ago‎

Canadian Dollar Hits Fresh 19-Month High Below $1.02 – EBS
MarketWatch – ‎7 hours ago‎

I am also concerned about the dollar, here are more of today’s headlines:

Dollar Falls on Fed Rate Speculation; Goldman Backs Euro Gain
BusinessWeek – Matthew Brown, Inyoung Hwang – ‎7 hours ago‎
The Canadian dollar headed toward parity with its US counterpart. “Yellen is the Fed’s extended-period language personified,” said Stephen Gallo, …
Yellen Brings the Dollar Down Daily Reckoning (press release)
FOREX-Dollar slips on Fed speculation; euro gains Reuters

Things change quickly. Time to book my UUP gains. Sell all UUP.

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One response to “Sell All UUP at $23.45

  1. Pingback: Canada Dollar = USD « Stock Bytes

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