Home » What the Dollar is Saying About the Stock Market

What the Dollar is Saying About the Stock Market

Hey, Ross here:

Let’s look at a chart that perfectly encapsulates the kind of market we’re in right now.

Chart of the Day

This is the DXY – the U.S. Dollar Index.

And as you can see, it has largely been inversely correlated to the stock market this year.

When the markets were going up – it was going down. And when markets were going down – it was going up.

The DXY has been rising sharply since late July – right when the stock market peaked for the year.

It’s now very close to a resistance level.

If it fails to break past that level and starts falling again – that could signal the start of the next leg upward.

Until then – stay cautious.

Insight of the Day

Good positioning happens before the market makes a big move – not after

A quick word about good positioning in trading – it’s something that happens before the market makes a big move, not after.

That’s why even though the market is currently range-bound – I’m still recommending positions, although I am a lot more cautious.

And right now, one of my strategies is up nearly 20% – counting both wins and losses – since August.

Remember – it’s all about the win/loss ratio (how much you win vs how much you lose)

It’s a strategy based on one of the most trusted chart patterns I’ve ever seen – and thrives during pullback periods.

So, if a nearly 20% return in the middle of a pullback sounds good to you…

All you have to do is click here to find out more about this strategy.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Whats in the Article