As Goes The Dollar…

Lately, all the talk has been about the dollar.  It’s almost 100% inversely correlated with just about everything else.  When the dollar is down, gold’s up, oil’s up, stocks are up, emerging markets are up, etc.  So, perhaps we really can’t get a huge sell off unless the dollar spikes.  It’s had a few days where it appeared as though the trend was changing.  But, then down it went to new lows.

To me, it’s all about the 50-day moving average.  Until we break above the 50-day moving average, the downtrend is still intact.  Take a look at the picture below.  The green line is that 50-day moving average.  Keep an eye on this green line and that may give you a better idea on the direction of the stock market.


Television

I’ll be on CNBC Asia this evening at 5:10 p.m. CST & Fox Business tomorrow morning at 8:10 & 8:30 a.m. CST.  Make sure you tune in.

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