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inthemoneystock (< 20)

Shake And Bake Using The U.S. Dollar Index



September 13, 2011 – Comments (0) | RELATED TICKERS: UUP , DDM , DXD

Once the U.S. Dollar Index futures (DX U1) traded higher this afternoon the major stock indexes sold off. The Dow Jones Industrial Average just reversed a 70.0 point rally and are now trading in negative territory. Should the U.S. Dollar Index decline and sell off again the major stock indexes could reverse and move right back up. Simply put, the major stock indexes are trading inverse to the U.S. Dollar Index.

Options expiration is this coming Friday, therefore, traders should expect a lot of institutional game playing throughout the rest of the week. Stocks could be positive one minute and just as easily be negative a few minutes later. Traders should expect the volatility to continue into Friday.

Nicholas Santiago


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