InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

The Inverse Trade Works Again


Once again, the inverse relationship between the U.S. Dollar Index and the major stock indexes works. This morning, the U.S. Dollar Index futures started the day higher and then just plummeted before the opening bell. This same pattern played out yesterday and the nearly everyday before that. Many traders are now looking for the early decline in the SPDR S&P 500 Index ETF (NYSE:SPY), or the SPDR Dow Jones Industrial Average (NYSE:DIA) as a buying opportunity for the day. Earlier today before the open, I alerted traders to look for a decline in the U.S. Dollar Index once the opening bell rang at the New York Stock Exchange. That is exactly what happened, and this is the catalyst for the rally in the major stock indexes. ...Continue reading here: http://bit.ly/xmrRtQ