The rally today started at the open and ran up all day. At the same time, the dollar was falling. Until late in the day, the dollar turned around a bit, but it finding the 75 level as resistance now, and not support. As the dollar goes, so goes the market. Trade accordingly.
Dow 10,406 +136 +1.32%
Nasdaq 2,198 30 1.38%
S&P 500 1,109 16 1.45%
Gold 1,139 +23 +2.03%
Oil 78.81 2.55 3.34%
I hope to have a Meredith Whitney and a Peter Shiff interview once they get posted on CNBC. The Whitney interview is a must see, but Shiff is on Fast Money so I'm confident they will screw it up. They are perma bull pump monkey's and Shiff is a perma bear. Fast Money does have the ability to shut you off, and they most certainly will on Shiff.
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