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Dollar Climbs, Stocks Fall

By Rev Shark

About this article:
We are seeing a big U-turn in this market as it continues to dance to every little movement in the dollar. The dollar reversed sharply up and the market immediately followed by moving in the opposite direction. It will be very interesting to see if the buy stops that triggered as we hit highs in the indices this morning turn out to be a bull trap. Right now we are hitting new lows for the days; early buyers are not scrambling to reposition as the momentum fades. The day is still young, but if we end up with a weak close it will be an interesting technical development. ...

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