Stocks remain very dollar sensitive. So what else is new?
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Category: S&P 500
Weekly Update
Stocks meander while the euro region burns.
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Meh
Weakening, but S&P trend is more sideways than down.
click chart to enlarge Sloppy, but not yet bearish.
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Hella Dolla
click chart to enlarge The weekly Dollar index chart continues to be the most important chart on the board. I can't stress enough how powerful this move higher is. It paused at resistance, as expected. But that cycle-trap pointing straight up following a divergence at the low is hella bullish.
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Commencement
The equity advance is slowing. No reason to be bearish yet, though.
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Weekly Update
I expect the tides to be less favorable for equity bulls, but not necessarily enough so to push prices lower. I am looking for the advance to slow.
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Push & Pull
Disparate forces are canceling each other out here.
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Weekly Update
Watching to see if the dollar index continues its strong, short-term momentum to take it through longer-term, resistance this week.
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