In my previous post, I mentioned McDonalds was not rallying with the market, until CPI news came out. It looks like inflation from loose Fed policies are starting the trickle of inflation dam.
This will make for a weak dollar again, as it still appears our central bank has one of the looser money policies. However, those nations with strong commodity exports such as oil, iron, and gold will fair quite well. Good candidate: Canada.
The Dollar failed to break resistance again, and broke a recent uptrend line. Fib re-tracement is at 118(38%) 114(50%) and 110(62%), which correspond to some good support resistance levels as well.
I'm going to take a small put position in the $CDD to take advantage of the move down.
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