Tuesday, October 19, 2010

US dollar and S&P500 relationship



This is the UUP- dollar bullish index and the S&P500
So here is the Dollar that play the trick again.Dollar down Stock up. Inflationary rally, which cost commodities price to rally which mean goods price will be more expensive in the future.Notice something on the chart. The market is moving lesser as the dollar fall. It has a very strong support level for the dollar. So it may hit that support line and do a rally.