Is It Halloween or Are Buyers Scared This Week? 10-31-09 Stock Market Analysis
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It's all about the dollar. The dollar was heavily shorted and the FED stopped quant easing yesterday so the dollar is due for a major up move. This market has been driven by the fall of the dollar since April. So, as shorts cover in the dollar the broad markets drop and folks start selling which in turn boost the dollar even further and the cycle repeats. Things are going to get very interesting in the next couple of weeks.
mainesprocket63 2 years ago
I agree, the dollar and the market has an inverse relationship. If the dollar truly has bottomed, then that could mean the market has topped. And we can start heading lower from here.
SPYoptionstrader 2 years ago