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Forget The News, Follow This Chart

Posted, by inthemoneystocks on July 27th, 2012

The most important chart that any trader can follow is the chart of the U.S. Dollar Index. As you may already know, the major stock market indexes around the world all trade inverse to the U.S. Dollar. When the U.S. Dollar Index declines it will often help to inflate stocks, and commodities. This inverse relationship has been intact since 2001 and it is more evident everyday. Traders can easily see how the major stock market indexes have surged higher over the past two trading session as the U.S. Dollar Index has plunged lower. This relationship is as inverse as it gets at this time.  ...

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Authored by, inthemoneystocks
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