Wednesday, May 23, 2012

This Is The Only Chart You Will Need Today

Traders and investors must follow the U.S. Dollar Index (DXY) very closely. The major stock market indexes are trading inverse to the U.S. Dollar Index at this time. If the DXY declines or pulls back intra-day the major stock indexes will inflate and trade higher. The opposite is true if the DXY trades higher, obviously the major stock indexes will deflate and decline lower.

Some stocks that will generally decline on the back of a stronger U.S. Dollar Index (DXY) will be the United States Oil Fund (NYSE:USO), ConocoPhillips (NYSE:COP), BHP Billiton Ltd. (NYSE:BHP), and Rio Tinto plc (NYSE:RIO). These same stocks will often catch a bid and trade higher on a weaker U.S. Dollar Index. Traders should remember, this market is being moved by the U.S. Dollar Index.

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
Nicholas Santiago

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1 Response for “This Is The Only Chart You Will Need Today”

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