Falling Dollar, Buoyant Equities

Mid-Day Minute for Mon March 1st 2010
by Mike Paulenoff, www.MPTrader.com
 << March
2010		 >> 
SMTWTFS
28123456
78910111213
14151617181920
21222324252627
28293031 

While the e-mini S&P 500 appears to be consolidating at the top of its upmove from last Thursday’s pivot low at 1084.59, the DXY (cash dollar index) is in the process of giving back most of its upmove from earlier today. As of this moment, the combination of a falling dollar and buoyant equity indices argues for continued upside in the commodity-related names and indices into the closing bell – especially in the metals and mining names, including ETFs such as the GDX and GLD.


Mike Paulenoff is author of MPTrader.com (www.mptrader.com), a real-time diary of his technical analysis and trading alerts on ETFs covering metals, energy, equity indices, currencies, Treasuries, and specific industries and international regions. Sign up for a Free 15-day trial to Mike's ETF & Stock Trading Diary.
Login to our "Echo" Comment System by using your user name and password from any of our AdviceTrade services (AdviceTrade.com, TheTechTrader.com, MPTrader.com, MarketsPath.com, and SwingTradeOnline.com):

Login Now to share your comments

Create your display name!

Login with your id from any of our AdviceTrade Sites:
AdviceTrade.com, TheTechTrader.com, MPTrader.com, MarketsPath.com or SwingTradeOnline.com



Forgot your password? Click here.
Not registered? Register for free.

FREE Weekly Wizards Newsletter

Weekly Wizards Newsletter
  • Stock & ETF Picks by Pros
  • Technical Market Analysis
  • Weekly Swing Trading Ideas