Tuesday, November 30, 2010

Keep Your Eye on the Dollar - Is it Weak or Strong?

US Dollar Continues to Gain Strength.  In a Weird Way this is Negative on the Market.

DX-US Dollar-11.30.10- All Eyes on the Dollar-It Drives the Market


SPY 3 Month, Daily - 11.30.10 - Range Bound Market continues.  High of 120 and Low of 118 on the SPY.  Price Action today with a weak close suggest weakness at Support.  It remains to be seen if 118 can hold on the SPY.  So far the Bulls have supported and come Roaring Back at every Pull Back.