InTheMoneyStock...'s  Instablog
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:
My blog:
Pro Traders Rant and Rave Blog
  • It's All About This Chart 0 comments
    Sep 22, 2011 10:27 AM | about stocks: UUP, AKS, OIH, JJC, CVX
    Once again, the major stock indexes are declining as the U.S. Dollar Index futures(DXY) soar higher today. This morning, the DXY is trading higher by $1.15 to $79.01 per contract. The only way that this stock market bounces or rallies higher off the morning lows is if the DXY pulls back or declines intra-day. Over the past ten years the only way the DXY has been the tool or vehicle used to inflate this stock market higher.

    Last night and this morning, all of the global markets have come under major selling pressure. Stocks and ETF's such as Southern Copper Corp (NYSE:SCCO), Oil Services Holders Trust (NYSE:OIH), AK Steel Holding Corp (NYSE:AKS) and Chevron Corp (NYSE:CVX) are just a few leading stocks that will trade inverse to the U.S. Dollar Index. Simply put, when the DXY dips the markets will flip. If the U.S. Dollar Index rallies higher again these markets will be sold throughout the day. Right now, it is all about the U.S. Dollar Index chart.

    Nicholas Santiago

    Stocks: UUP, AKS, OIH, JJC, CVX
Back To'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.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

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.