Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
138 Followers
3 Following
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Keep This Chart On The Radar 0 comments
    May 31, 2011 9:40 AM | about stocks: UUP, SLV, AKS
    This morning, the major stock market indexes are soaring higher on the back of the weaker U.S. Dollar Index. As we should all know by now, when the U.S. Dollar Index declines the major stock market indexes climb higher. Traders must keep an eye on the U.S. Dollar Index at all times. If the U.S. Dollar Index rallies higher intra-day it can easily take a lot of steam out of this early morning rally.

    Generally, leading commodity stocks are the first to inflate and trade higher on the back of the weaker U.S. Dollar, therefore, these leading stocks are usually the first to decline and deflate on the back of the stronger U.S. Dollar Index. Traders should watch and follow leading commodity stocks such as iShares Silver Trust(NYSE:SLV), AK Steel Holdings Corp.(NYSE:AKS), and Southern Copper Corp.(NYSE:SCCO) for inverse reactions to the U.S. Dollar Index. 


    Nicholas Santiago
    InTheMoneyStocks.com
    Stocks: UUP, SLV, AKS
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Weak US Dollar, easy money = GOLD Higher $GLD
    Feb 21, 2012
  • For technical traders, yesterday was a buying opportunity. For the other 99%...http://bit.ly/qmvOpq
    Aug 11, 2011
  • April gold finished higher by $12.90 to close at $1,414 an ounce.
    Feb 23, 2011
More »

Latest Comments


Most Commented
Posts by Themes
stocks, $EWH $FXI $EWJ, 10 year, 200 moving average, 2012, AAPL, ADP , ADP Employment, ADP Private Jobs Report, ADR, agriculture, Agriculture, ainvesting, airlines, AKS, AMZN, Apple, ARUN, ASCA, Asia, AT T, Auto, Automotive, AXP, bailout, banks, Banks, Bernanke, BIDU, Blackberry, BLK, bonds, bounce, broadcom, BYD, case shiller 20 city index, CAT, China, china, citrix systems, CLF, coal, Coffee, commodities, commodity, construction, copper, Cotton, cotton, CPI,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.