The Euro has rallied against the U.S. Dollar in recent weeks, as we note (NYSE:UUP) – PowerShares DB U.S. Dollar Index Bullish is down nearly 5% from its June 7^th high of $25.84.  (NYSE:FXE) - Currency Shares Euro meanwhile is up about 5% from its June 8^thlow of $118.79.  Both products made significant moves yesterday, on better than average trading volume, with (NYSE:FXE) closing above its 50 day Moving Average, and (NYSE:UUP) breaching its 50 day moving average and sharply gapping down.

Institutional options flows seem to be positioning for further longer term downside in the U.S. Dollar, as we noted buyers of December 23 puts in significant size during Thursday’s session. A potential way to capitalize on additional weakness in the Dollar through an ETF would be with (NYSE:UDN) – PowerShares DB U.S. Dollar Index Bearish. Additionally, we note macro pressure and a significant downside move in Gold yesterday, with (NYSE:GLD) falling over 4% in the session and closing below its 50 day MA, and related ETFs (NYSE:IAU) and (NYSE:SGOL) following suit. In today’s S1F ETF Daily, market technician David Chojnacki, who has previously been bullish from a technical standpoint in the Gold ETFs, notes that (NYSE:GLD) “broke down last session below two important levels of support ($120.70 and $117.25) and is “no longer a buy at these levels.”  

Please see the links below for charts of (UUP), (FXE), (UDN), (GLD), (SGOL), and (IAU) and contact us with any specific questions. Thank you.

(NYSE:UUP) – http://stockcharts.com/c-sc/sc?chart=UUP,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20

(NYSE:FXE) - http://stockcharts.com/c-sc/sc?chart=FXE,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20

(NYSE:UDN) - http://stockcharts.com/c-sc/sc?chart=UDN,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20

(NYSE:GLD) - http://stockcharts.com/c-sc/sc?chart=GLD,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20

(NYSE:IAU) - http://stockcharts.com/c-sc/sc?chart=IAU,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20

(NYSE:SGOL) - http://stockcharts.com/c-sc/sc?chart=SGOL,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20

Written By Scott Freeze From Street One Financial

Street One Financial LLC (S1F), is a full service shop specializing in ETF’s, equities, and options. S1F UTILIZES THE BROKER/DEALER SERVICES of Emerging Growth Equities (EGRO), a registered Broker Dealer and member of SIPC/FINRA. S1F specializes in agency ETF/ETP, equities, and options trade execution. On the ETF/ETP end, S1F works with the ETF issuers to understand their products thoroughly and how they can complement an investor’s portfolio. We assist portfolio managers in constructing their portfolios and identifying which ETF provides the best desired exposure by portfolio objective, fees and ease of trading. The ETF/ETP landscape is evolving rapidly and has diversified quickly beyond passive equity index ETFs. Now actively managed strategies, fundamental and quantitative ETFs, as well as those that offer exposure to Fixed Income, Commodities or even Volatility Indexes are available to investors. That said, understanding how specific products work and where they fit within portfolios and perhaps more importantly, “how to trade” these products, has become something of major importance to portfolio managers on all levels. At S1F, we assist portfolio managers in screening by true underlying liquidity, not “shown liquidity” or “perceived liquidity” as reflected by average daily trading volume. S1F then sources liquidity without identity or information slippage, through all available access points in the marketplace to minimize the market impact of the trade, delivering a lower total cost of trading to the portfolio manager. This allows the portfolio manager to, in essence, recapture basis points on each trade, and outperform their competitors over the course of the year, while maintaining a competitive edge over their peers. All trades executed by Street One are cleared and settled with NFS/Fidelity.

This communication is not intended to constitute any offer or solicitation to buy or sell securities. All trading and broker dealer services are through Emerging Growth Equities, Ltd (EGRO), Broker/Dealer and member of SIPC, FINRA (www.egequities.com). For more information, please contact us at: 877-782-8353

IAU, NYSE:FXE, NYSE:GLD, SGOL, UDN, UUP