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Repeat Performance

|Includes: SPDR Dow Jones Industrial Average ETF (DIA)

 Forget the job number. forget Egypt, forget everything. The market did what it has been doing for months now, it rallied higher on light volume as the U.S. Dollar Index faded from its intra-day high. Please note that the U.S. Dollar Index topped out around 11:00 am EST. This is the exact time that the Dow Jones Industrial Average and the S&P 500 Index bottomed out. After that time of the day the major stock indexes have rallied higher on extremely light volume. This is simply called the Friday Effect.

Nicholas Santiago