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inthemoneystock (< 20)

This Chart Says It All



May 20, 2011 – Comments (1)

The major stock market indexes have become nothing more than an inverse play on the U.S. Dollar Index. Forget earnings, economic news and any other lie Wall Street has programmed us to believe. It is the U.S. Dollar Index that moves markets. Look at the chart below, you can easily see how the major stock indexes recovered after the U.S. Dollar Index sold off intra-day. The SPDR S&P 500 Trust (NYSE:SPY) will have some minor resistance around the $134.50 area.

Nicholas Santiago

1 Comments – Post Your Own

#1) On May 20, 2011 at 3:40 PM, ETFsRule (< 20) wrote:

You forgot to post the chart.

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