The major stock market indexes have become nothing more than an inverse play on the U.S. Dollar Index. Forget earnings, economic news and any other lie Wall Street has programmed us to believe. It is the U.S. Dollar Index that moves markets. Look at the chart below, you can easily see how the major stock indexes recovered after the U.S. Dollar Index sold off intra-day. The SPDR S&P 500 Trust (NYSE:SPY) will have some minor resistance around the $134.50 area.
Nicholas Santiago
InTheMoneyStocks.com
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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
