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S&P 500
5,584.54
(
-0.88%
)
US TECH 100
19,672.40
(
-2.22%
)
Dow Jones
39,753.75
(
0.08%
)
Brent Oil
85.11
(
0.07%
)
Bitcoin
57,483.88
(
-0.47%
)
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TheInvisibleHand ™

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TheInvisibleHand ™

Re: SpecTrader post# 19100

Tuesday, 10/20/2009 2:41:35 PM

Tuesday, October 20, 2009 2:41:35 PM

Post# of 23113
The inverse relationship continues to work between the $USD and ^DJI.

The $Vix is at 21.25 it had a doji candle on the previous session and is a must watch as we head into Option's Expiration Friday. A reversal in the $Vix might give the ^DJI and the commodities trade a breather. Intraday the Dow has tested 10000 and bounced thus far and is currently @ 10025. Oil is @79.01 and Gold @ 10057.



Watching these indicators carefully for confirmation of a short term reversal or whether we have consolidation and continuation...



Strength in the $USD might cause some sector rotation away from the crowded commodity trade into another sector like financials in the short term, just some food for thought.



2:30, power hour, will see how it all shakes out, stay tuned.....















VIX







DOW





GOLD


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