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Traders and investors must follow the U.S. Dollar Index (DXY) very closely. The major stock market indexes are trading inverse to the U.S. Dollar Index at this time. If the DXY declines or pulls back intra-day the major stock indexes will inflate and trade higher. The opposite is true if the DXY trades higher, obviously the major stock indexes will deflate and decline lower.

Some stocks that will generally decline on the back of a stronger U.S. Dollar Index (DXY) will be the United States Oil Fund (NYSE:USO), ConocoPhillips (NYSE:COP), BHP Billiton Ltd. (NYSE:BHP), and Rio Tinto plc (NYSE:RIO). These same stocks will often catch a bid and trade higher on a weaker U.S. Dollar Index. Traders should remember, this market is being moved by the U.S. Dollar Index.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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