Sell Alert: Sell PowerShares US Dollar ETF (UUP)
PowerShares US Dollar ETF (UUP 24.84) has declined 6.1% year to date as the euro and other currencies around the world strengthen. The stronger global economies are allowing central banks to abandon economic stimulus efforts and attempt to return to more normal interest rates. The turnaround overseas has caused the U.S. dollar to fall, which will likely continue during the next couple of years. Therefore, I recommend selling your UUP shares to avoid further erosion. Sell UUP now.