By now we should all know that once the U.S. Dollar Index declines the major stock market indexes will inflate and trade higher. This is also a Friday and rarely will the major stock indexes decline sharply on a Friday ahead of the weekend when people will go spend their money. Please notice the move higher in the SPDR S&P 500 Index ETF(NYSE:SPY) in the chart below as the U.S. Dollar Index sold off sharply. The U.S. Dollar Index chart is still the most important chart in the market at this time.
Stocks