Wednesday, December 8, 2010

Will USD Uptrend Hurt S&P500?

I just read an article by Ryan Puplava of PFS Group.

He noticed a strong correlation of a rising U.S. Dollar Index to that of a falling S&P500 stock market, see chart. Each rising leg in the USD Index corresponded to a weak period for the S&P 500.

"November 23, 2010 was a significant day, because the dollar index broke above a key trendline, see chart on right."

Wow! November 23 2010!

So will the continued USD Uptrend hurt S&P500 going forward?

For how long and how low will the S&P500 go?

Wow! Will this support my Stock Market Roadmap to 2017?

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