Strong dollar? no reason for concern - advantage of the strong dollar in 2016

Dollar index is on global bullish market condition for breaking 100.00 psy resistance level from below to above. And this level will be broken soon or later so R3 YR1 Pivot at 107.47 will be the next bullish target with this situation.

As a result - many investors are thinking to score an advantage of strong dollar compare to the other currency by 'taking the foreign vacations' considering to buy an Americal stocks. So let's evaluate some of the stocks with technical points of view.

The price is on bullish breakout since July this year when Ichimoku cloud together with key resistance levels were broken to above. Chinkou Span line and Tenkan-sen/Kijun-sen crossing are indicating the breakout to be continuing in 2016.

Facebook Inc (FB). Bullish breakout which was started long long time ago, and seems - this strong bullish tendency will be continuing in 2016 as well.

Yahoo! Inc (YHOO). Primary bullish condition to be restarted. The price was on the secondary correction within the primary bullish market condition, and it is started to be recovered on the way to the primary bullish trend to be continuing. To make it shorter - this is a time to buy because it may be the bottom for now.

Many investors worry about strong dollar but as we see from some examples above - there is no reason for concern.