Use access key #2 to skip to page content.

inthemoneystock (< 20)

When The Dollar Dips The Market Flips

Recs

0

May 18, 2011 – Comments (0)

Often, when the U.S. Dollar Index rallies higher before the opening bell it will fade once the opening bell rings at the New York Stock Exchange at 9:30 am EST. That is exactly what took place this morning, as almost everything in the stock market is inflating. On the flip side, if the U.S. Dollar Index somehow catches a bid during the trading session it is likely that we see the major stock indexes deflate and trade lower. Today is the Wednesday before options expiration which is on May 20, 2011, therefore, this is usually most volatile trading session of the week. 

Some equities that are trading higher from the decline in the U.S. Dollar Index include iShares Silver Trust(NYSE:SLV), SPDR Gold Shares(NYSE:GLD), Chevron Corp.(NYSE:CVX), and the Oil Services HOLDRs(NYSE:OIH). If you have not noticed all of these equities are part of the commodity complex which is the most influenced from a dollar decline.


Nicholas Santiago
InTheMoneyStocks.com

0 Comments – Post Your Own

Featured Broker Partners


Advertisement