Wednesday, August 26, 2009

Stock Market Update - August 26, 2009

Not much happening today with the market ... except the dollar. Money flow at this point is still up for the market and as long as this is positive from an indicator point we should still see strength. Today was a 54% down volume day with a cash outflow on the broader market.
The dollar had an up day ... hence the reason for the equities lack of performance. The dollar direction will have a direct impact on oil, gold and equities ... if the dollar moves up ... then these asset classes will move down in value.

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