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Wednesday, February 04, 2015 12:12:42 AM
Lots of talk in the mainstream financial media about how oil was up today and that helped the entire market. Sure, but why was oil up today? Because the US dollar was down.
You can see that on the chart of UUP. The US Dollar and UUP should be swing traders #1 tool right now to help time the swings on the S&P 500.
Notice how this story talks about the big day for commodities and ties it to oil, but fails to ultimately tie it to the US dollar. Accidental omission or purposeful mis-information? You decide. Here's an example of a typical mainstream financial media story that leaves out the US dollar: Commodities Head for Biggest 3-Day Rally Since 2012 as Oil Gains
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