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Slightly Lower Open, All Eyes On The Dollar

This morning, the S&P 500 Index e-mini futures (ES H2) are trading lower by 2.75 points to 1357.25 per contract. Once again, the U.S. Dollar Index is trading higher before the opening bell. As you all probably know by now, when the U.S. Dollar Index futures (DX H2) are higher the major stock market indexes are generally lower. The opposite effect will take place if the U.S. Dollar Index declines, the leading stock and commodity markets will usually trade higher. Nearly every trading day when the U.S. Dollar Index is higher before the opening bell it will have a tendency to decline when the stock market opens for trading. Every trader should have a chart of the U.S. Dollar Index up at all times. If you do not have a chart of the U.S. Dollar Index, you can use PowerShares DB US Dollar Index Bullish(NYSEARCA:UUP), or the PowerShares DB US Dollar Index Bearish (NYSEARCA:UDN). ....Continue reading here: