Stocks End Rally As Dollar Falls
Stocks End Rally As Dollar Falls
Stocks & Commodities Get Smacked As USD Rallies
Stocks & Commodities Get Smacked As USD Rallies
Stocks & Commodities End Mixed As Dollar Rallies
Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market action has been wide-and-loose which is not a healthy sign. The next level of support for the major averages is their September highs, then their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
Stocks Rally On Elections, QE II & Strong Jobs Data
Friday, November 5, 2010 Stock Market Commentary: Stocks and commodities soared as the US dollar fell one day after the Federal Reserve announced a second round of quantitative easing. Volume patterns remain healthy as the major averages are now in their 10th week of their ongoing rally.On average, market internals remain healthy evidenced by an…