Dollar Index Breaking Higher Soon?

The dollar continues it's march higher and is currently resting at resistance.  It is however now the fourth time the dollar index tested the most immediate resistance area and as such the chances of a break higher are increasing.

Dollar Correlation With Stocks

it's almost uncanny, check out this inverse correlation of the dollar index bs the s&p 500 on a 10 day 60 minute chart:

Dollar Looking Solid

after putting in higher low in the early part of June the dollar index rallied well above the 50 sma yesterday.  A break out of this wedge here could lead us significantly higher.

Market Summary – April 27

This here is the martini-hour thoughts newsletter summary sent to premium members.  I am posting it today on the public blog  here as a sample, but without the charts.  Enjoy!     Wednesday, April 27                                                             Just as we wrote in the morning line-up letter, the morning ended up fairly boring in terms of pure […]

Dollar Index Getting It Together Again

From the more 'recent' highs in the dollar index  back in June of last year, down to the following lows in December of last year, the dollar rallied back 50% and in January of this year found resistance…which also coincided with the 200 day moving average.  Given the technical pattern we predicted a downside price […]

Was Friday’s Jobs Number Equity Positive Or Negative?

Last Friday's non-farm payroll numbers came in much better than anticipated by the street crowd.  +244,000 was the big number, led by private sector hiring.  9% unemployment. So now the question front and center in my cranium is whether this number will be looked at as equity positive or negative.  Friday's risk reaction was more […]

How’s This For Volatility:

Here's the dollar index futures contract intraday today.  Volatile enough for ya? To me this just speaks to the massive uncertainty currently.