Its still going to come down to this ... how the dollar behaves will have a direct impact on the price of equities in the coming weeks. The dollar made a big move up today and stocks & commodities listened.
We could very well make some kind of turn here but based on today's volume (which was very low) I would not be surprised if we maintain a price very close to where we are over the next day or two if the Federal Government/Reserve doesn't pull any rabbits out of their hat. The money flow line is still trending up (note the blue line with the price above). Today was a 87% down day for volume on the NYSE and the DJ US Total Market had a net outflow of cash in the amount of $3.9 billion and you guessed it Financials lead the way (all info provided by
The Wall Street Journal). You could short the market here and hold a very tight stop or you can still hold your longs with a very tight stop. Either way would be the correct bet to take ... I don't think anyone really knows which way the dollar is going to move here in the short term (we can all guess) ... but we all know where its headed for the long term!
Its still going to come down to this ... how the dollar behaves will have a direct impact on the price of equities in the coming weeks. The dollar made a big move up today and stocks & commodities listened.
We could very well make some kind of turn here but based on today's volume (which was very low) I would not be surprised if we maintain a price very close to where we are over the next day or two if the Federal Government/Reserve doesn't pull any rabbits out of their hat. The money flow line is still trending up (note the blue line with the price above). Today was a 87% down day for volume on the NYSE and the DJ US Total Market had a net outflow of cash in the amount of $3.9 billion and you guessed it Financials lead the way (all info provided by The Wall Street Journal). You could short the market here and hold a very tight stop or you can still hold your longs with a very tight stop. Either way would be the correct bet to take ... I don't think anyone really knows which way the dollar is going to move here in the short term (we can all guess) ... but we all know where its headed for the long term!
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