Pancake Dollar at the Open (NYSE:UUP) (NYSE:UDN) (NYSE:CLF) (NYSE:X)

By Nicholas Santiago on June 18th, 2010 10:01am Eastern Time
This morning the markets have opened slightly higher as the U.S. Dollar Index is trading flat on the session. The U.S. Dollar Index is unchanged at $85.68. When the dollar is flat the market will usually hold steady or even catch a small bid. It is when the dollar rallies that the markets deflate and pullback. The U.S. Dollar index topped out on June 7th, 2010 at $88.70. It has since pulled back sharply and is now trading at $85.69. Obviously you can see the rally that has occurred in the stock market indexes since that time. The stock market will usually trade inverse to the dollar. The only time the dollar does not effect the stock indexes is when the volume is extremely light.

This morning most leading commodity stocks that will trade inverse to the dollar are flat today. Stocks such as Cliffs Natural Resources (NYSE:CLF), and United States Steel Corp (NYSE:X), are both trading basically flat. Until the dollar makes a move the stocks will likely remain this way. Remember when the dollar declines commodities and inflationary stocks will inflate and vice versa should the dollar rally these stocks will deflate. Remember the dollar is still one of the most important charts for traders and investors at this time.
Get in-depth analysis, along with exact entries/exits, swing trades, and scalp trades, join our Research Center or Intra Day Stock Chat NOW and enter the ranks of the Pros!

Views: 20


You need to be a member of to add comments!


Mentoring Programme

A mentor is someone whose hindsight can become your foresight.


I currently offer my time to assist people on a 1-2-1 basis in order to improve their trading ability. I offer my support over a 4 week period, 2 sessions per week. The cost of the course is £300. 

Please feel free to email me if your are interested. Email:


"Mentoring is to support and encourage people to manage their own learning in order that they may maximise their potential, develop their skills, improve their performance and become the person they want to be." Eric Parsloe, The Oxford School of Coaching & Mentoring


Live Trading Service

I post my trades in real time accompanied with technical and fundamental analysis via Whatsapp messenger. I clearly explain my trade set ups with detailed charts providing my entry, exit and stop loss.

“Tell me and I forget, teach me and I may remember, involve me and I learn.” ― Benjamin Franklin.

I believe that this type of service is unique in the industry as it helps you understand the reasoning behind taking a trade, priced at just £50 a month, on a pay as you go basis. I offer a one month free trial to all new subscribers, follow the instructions on the Free trial tab above and email me; 


Or alternatively if you open up a account and actively trade with it, I will give free subscription to the Live Trading Service. If you wish to take advantage of this please open up an account and email me once you start trading and I will make your subscription free. Thanks .

I want to teach you how to fish, not to feed you the fish.


  • Add Videos
  • View All

© 2020   Created by Aadil (site owner).   Powered by

Badges  |  Report an Issue  |  Terms of Service