Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
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
  • The Dollar Breakout Brings Down Markets 0 comments
    May 15, 2012 3:57 PM | about stocks: UUP, NEM, CVX, CLF

    By now everyone should know that when the U.S. Dollar Index is strong the major stock and commodity markets will deflate and trade lower. Most leading commodity stocks are falling sharply lower today as the U.S. Dollar Index futures surge higher. Traders can easily see how the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading higher by 0.17 cents to 22.51 a share.

    This afternoon, most leading oil, mining, and coal stocks are trading sharply lower. Leading stocks such as Newmont Mining Corp (NYSE:NEM), Cliffs Natural Resources Inc (NYSE:CLF), and Chevron Corp (NYSE:CVX) are all coming under selling pressure. As I always say, every trade is a trade on the U.S. Dollar Index. Should the U.S. Dollar Index pullback from its intra-day high there could be an inflation bounce in the market, however, until that time the U.S. Dollar Index is very strong.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

    Stocks: UUP, NEM, CVX, CLF
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.

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

StockTalks

More »

Latest Comments


Posts by Themes
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.