Rant & Rave Blog:
Article Archive:
 
 

Forget The News, Follow This Chart

 
Presented by  Nick Santiago July 27, 2012 10:28AM
Rate this item
(0 votes)
The most important chart that any trader can follow is the chart of the U.S. Dollar Index. As you may already know, the major stock market indexes around the world all trade inverse to the U.S. Dollar. When the U.S. Dollar Index declines it will often help to inflate stocks, and commodities. This inverse relationship has been intact since 2001 and it is more evident everyday. Traders can easily see how the major stock market indexes have surged higher over the past two trading session as the U.S. Dollar Index has plunged lower. This relationship is as inverse as it gets at this time.

Some leading equities that will usually rally on the back of a lower or weaker U.S. Dollar Index include the SPDR S&P 500 ETF (NYSEARCA:SPY), ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO), iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC), and the United States Gasoline Fund, LP (NYSEARCA:UGA) to name a few. Please remember, as fast as these equities can climb higher on the back of the weaker U.S. Dollar they will also deflate and decline when the U.S. Dollar trades higher. The U.S. Dollar Index chart is still the most important chart that any trader can follow at this time.

Last modified on Friday, 27 July 2012 10:43
Read 282 times | Like this? Tweet it to your followers!
Published in Rant & Rave Blog
Social sharing
More in this category: « Michigan Sentiment - Final Only A Few Spaces Left For This Weekend's Webinar! »
Login to post comments
Blog Disclaimer
 

Market Overview & Videos

  • Stocks
  • AM Video
  • PM Video
Loading
Chart
o Dow Jones 15,325.31 ▼62.27 (-0.40%)
o Nasdaq 3,465.75 ▼36.37 (-1.04%)
INDEXDJX:DJI

Dow Jones

Company ID [INDEXDJX:DJI] Last trade:15,325.31 Trade time:2:37PM EDT Value change:▼62.27 (-0.40%)
INDEXNASDAQ:.IXIC

Nasdaq

Company ID [INDEXNASDAQ:.IXIC] Last trade:3,465.75 Trade time:2:37PM EDT Value change:▼36.37 (-1.04%)

Research Center Track Record

Our Track Record

Our Pro Gareth Soloway on Twitter

GarethSoloway: Huge profits today. Gave out $CLNT yesterday. Up 150% today. Shorted the $SPY 2 pennies from the high of day. This is how it is done! #FYeah
GarethSoloway: Every time This Signal Emerges, Markets Sell http://t.co/rmpE8eMb6Z
GarethSoloway: Will be posting more #smallcaps today. The money being made off them is incredible. http://t.co/STUH99gxZu
GarethSoloway: Posted $CLNT yesterday as a buy on solar momo. It is ripping this morning. Another small cap winner! http://t.co/STUH99gxZu
GarethSoloway: A Streak For The Ages: Inside Market Analysis, Trade Setups & Alerts... http://t.co/OEIRMvUNWU
GarethSoloway: Markets Go For 19th Straight Gain On A Tuesday http://t.co/MRa1HyI2Cx $SPY

Testimonials

"Nice call on NFLX. Sold my puts this morning for a 30% profit!" Mike J. "Thanks for bidu. $760 profits on few overnight Puts." Charles M. "just did statistic on your watch list score and its amazingly a good way to profit from swings" Erez N. "Out ...

Incredible Action This Morning!
May 14, 2010

S5 Box