The Dow was down today on very light volume. I don't think one should worry to much here based on a number of items. Money flow today was down ... we had an outflow of over $1 billion on the broader market and there was about a 50/50 split on the up vs. down volume on the NYSE. I do want to point something out ... the Dow had something in common with Gold and Oil.
Gold was down just like the Dow because ...
Oil was down today just like Gold and the Dow because ...
.... because the dollar was up. As I have been stating for a while if the dollar moves up ... this will put a lid on the increase in equities and certain commodities. One item I think you need to look at is if the dollar really moves up in value and stocks and commodities only waver a little in price ... then watch out when the dollar moves back down in normal trading ... equities and commodities will be the place to be while the move lasts.
The Dow was down today on very light volume. I don't think one should worry to much here based on a number of items. Money flow today was down ... we had an outflow of over $1 billion on the broader market and there was about a 50/50 split on the up vs. down volume on the NYSE. I do want to point something out ... the Dow had something in common with Gold and Oil.
Gold was down just like the Dow because ...
Oil was down today just like Gold and the Dow because ...
.... because the dollar was up. As I have been stating for a while if the dollar moves up ... this will put a lid on the increase in equities and certain commodities. One item I think you need to look at is if the dollar really moves up in value and stocks and commodities only waver a little in price ... then watch out when the dollar moves back down in normal trading ... equities and commodities will be the place to be while the move lasts. 
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