InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Commodity Stocks Drop On The Back Of Dollar Strength


This morning, all of the leading commodity stocks are coming under sharp selling pressure. The catalyst for the decline in the commodity sectors and the major stock market indexes is the stronger U.S. Dollar. Today, the U.S. Dollar Index futures (DX Z1) are trading higher by 0.40 cents to $78.95 per contract. To make a long story short, when the dollar rallies higher the major stock and commodity sectors will deflate and trade lower. Every trade is essentially a trade on the U.S. Dollar at this time. ...Continue reading here: http://bit.ly/s36dnX