The dollar is officially weak again. The upward trends have broken.
Although the dollar is oversold (w/respect to the basket), and a consolidation upward is most likely in the cards, the chart signals the multi-national plays again… ei… PG, GOOG, MA… etc. (Dollar declines, their international earnings rise)
At the moment, I like PG the best… its part of my core position, not as expensive and pays a dividend it can easily afford to increase (which it just did by 10%).
