The US Dollar Is King👑
Good evenings traders and investors,
In tonight’s (free) briefing I will talk about (very quickly):
The US Dollars dominance in the US Stock Market
If you are like me, then you prefer to see visual examples instead of reading a lot.
Below, is the intraday chart of DXY (USD Index) and SPY 0.00%↑ side by side.
As you can see:
The US Dollar topped at 10:20 AM
Minutes later the SPY 0.00%↑ then put in a bottom at 10:30 AM
As a result, the dollar sold off and stocks traded higher!
I encourage everyone to keep an eye out on the US Dollar to help give you a deeper understanding of what is going on in the markets.
The US Dollar Is King
The US Dollar has continued to provide an edge for traders.
Reviewing the dollar and incorporating the dollar into our idea generation process has been…working!
Since touching around the upper $114’s the US Dollar has pulled back sharply and as a result…stocks went🚀🚀🚀.
The Key Area
I spoke about this last night with our paid readers…
The key area (I cannot stress enough) is…
$110
Yes, $110 is a key area for the US Dollar because:
It can bounce off $110 and as a result, put pressure on stocks.
It can crash below $110 and as a result, stocks move higher.
Congratulations
Lastly, I want to congratulate our paid readers for nailing DGII 0.00%↑ which went as high as 12% higher this week on strong volume and a breakout out of the channel.
We spoke about this and featured it as our featured stock for the week with a breakdown on the company’s earnings, growth and liquidity.
Thank you for reading our brief report tonight on the US Dollar.
I hope you stick around and subscribe for our next report and more to come after that.
As you can see, the US Dollar is the King of the stock market, and watching it can potentially give you a more in-depth understanding of market behavior.
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Amazing ALPHA as always., thank you!! 👍🏻👍🏻