Value of Dollar Tied to Market Behavior

Dollar Bounces Off of Lows - Market Responds with Weakness

Dollar Rallies from Lows Triggering Decline in Value of Commodities and the Market in General.

 

Gold (GLD) in Pull Back related to Rise in the Dollar.

Monthly Pivots and Trend is Bullish.  Top Line is R3 (Resistance) and Lower Line is S3 (Support}

The Square Dance Continues

"This is Fun, but My Feet Hurt."

Boxy Back and Forth Range Bound Market Continues.  Just Begging for a Break Out!

Home, Home on the Range----Tumbleweed Action

The Ping Pong - Range Bound Sideways Market Prevails

20 Day, 90 min. - Dec. 9 - SPY pops between 109 & 112 with 110 the Pivot.  A Breakout could happen at any time and might prove dramatic.

Stirring the Mix may Create Unexpected Consequences

Only I know what this may lead to!

XLF - Financial ETF - In Retreat > Bearish

GLD - Gold ETF - Retreat in Gold is Short Term Bearish

DX - US Dollar - Rally in the Dollar is Short Term Bearish

GS - Goldman Sachs - Leading Financial Institution has been in Retreat - Short Term Bearish

Range Bound Market with SPY 109-112.  Breakout anticipated.  Resistance has Held.

Market Direction Dictated by US Dollar, Financials, and Gold

Financials - US Dollar - Goldman Sachs- JP Morgan - Gold

US Dollar Gains in Strength as Market Retreats

Goldman Sachs in Down Trend - Gold Retreats

20 Day, 90 min. - Dec. 7 - Market in higher levels of Range.  Price Action looking for Direction.  Stresses and Strains pull in Bull and Bear Bias.  There will be a resolution as the market sorts it out.

1 Year, Weekly - Dec. 7 - Bullish Trend Prevails Long Term.

Breakout vs Breakdown as Resistance Has Held Out?

The Market is at Resistance - Can the Bulls Breakout to Higher Ground and Stay There?

20 Day, 90 min. - Dec. 4 - Range Bound market prevails between Support and Resistance.  Who will win out over time?

3 Month, Daily - Dec. 4 - Trend is up as price action is in the upper levels of the channel.  Market has been very volatile for the past 4 weeks with frequent gap ups and gap downs.

1 Year, Weekly - Dec. 4 - Trend has been bullish since March '09.  Corrections have been expected for at least 2 months but have failed to occur.  The bulls remain in charge until chased off the field.  It is so important to assess the market in multiple time frames (the longer is the more reliable).

Correction Underway as Market Retreats at Close

The Market Calls for Caution - Direction Uncertain

2 Day, 10 min. - Dec. 3 - Gap up followed by Pull Back and then Cascade Losses at the Close.

The Ping-Pong pattern presented yesterday continues to play out.  The Close was decidedly Bearish and could mean further declines and correction ahead.

Unusual Market Behavior

Ping Pong in the Market

With no chart clutter the chart is Ping Pong.

From Order to Disorder - Throwing Darts

Dollar Decline Dominates the Market

Ten Dollars may become Five Dollars - That is the Issue

Dollar Chart shows the progressive decline in the value of the US Dollar - When the Dollar goes down in value, the price of commodities goes up.  Commodity related stocks in turn go up in value.  The Market as we see it today is built on Sand.

Today's Action - Gap Up into resistance (green line). A principle of trading is "If you keep knocking, you will break through."  Well, we will see.  Tomorrow is another day.

20 Day, 1 Hour - Dec. 1 - Range Bound market for the last two weeks.  The Market is at Resistance.  Breaking Through is the Mystery of the Evening.

The Gold Bugs are in 7th. Heaven

Flight to Safety May Have It's Limits!

Gold has been a  big winner in the market.  There are limited ways to spend it, it pays no dividends, and it costs money to store it and haul it around.  Sooner of later this Gold Rush will run out of gas.