Market Update - Equities and US Dollar
Time for a more in-depth examination of the equity markets and the US Dollar. As I have talked about in the past (and is abundantly obvious to anybody who has been watching the market longer than 5 minutes), the US Dollar and Equities have been inversely correlated. Or put another way, the weakening US Dollar has been fueling the rally since March. Analysis of this "bull market" (used very loosely) equity rally necessarily requires and examination of the US Dollar, and where it might be headed.
Before I delve into this current analysis of the Equity Markets and the US Dollar, allow me to provide some background material so you can understand where I am coming from:
Some More Wave A Thoughts - Aug 13 - My preferred EW count
A Look at Some Indicators - Aug 14 - Daily and hourly indicators as well as CPC
SPY Price and Volume - Aug 14 - Examination of Price/Vol "Energy Levels"
There is a Reason You Don't Take Hot Air Balloons Up 3 Miles - Aug 11 - Market update post
Do Your Part to Help End the Current Bull Market. Become a Bull! - Aug 9 - In-Depth Market Analysis. Both FA and TA. Highly Recommended!
USDX Count Update and Thoughts - Aug 12
Thoughts on the US Dollar, Analysis of the USDX Long Term, Follow up on the Gold Blog. - Jun 17 - In-depth analysis of the US Dollar and inflationary/deflationary pressures
.... continued in the Comments section ....