In the power-trader newsletter, we’ve been talking about the move lower in crude oil, and the correlation with the uptick in the U.S. Dollar. Today, crude oil broke below a very important trend line / rising channel, indicating further weakness in the commodity.
I like being direct. Today’s 5% move which should be a sign of market strength is nothing but a typical bear market counter trend rally; at least it is for now. S&P 500 (SPX) Forecast
Have you ever heard this phrase? "The dollar is just paper, it has no value." If you were old enough to remember Richard Nixon’s election, then you remember a time when the U.S. dollar was based on something real, something significant, namely… Gold. However, in 1965, Richard Nixon made what could soon be the most [...]
The value of the US dollar, and hence the US dollar index has profound effects on the U.S. Economy, gold futures, oil futures, stock markets, and just about every other world economy as well. Take a look at these videos brought to you by Adam Hewison of MarketClub.com to see where we belive the US [...]
