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Tick For Tick, The Dollar Is The Driving Force (NYSE:UUP), (NYSE:SPY)

Posted by Aadil on February 9, 2010 at 10:25pm
By Nicholas Santiago on February 9th, 2010 3:44pm Eastern Time Today's action in the U.S. Dollar index has been nothing short of wild. The dollar can be tracked by following the PowerShares DB US Dollar Index Bullish (NYSE:UUP). As comments come out of Europe regarding the debt of Greece and several other countries, the dollar seems to get whipped around. Since March 2009 the stock market has rallied on the back of the falling U.S. Dollar. Since the late November time frame the U.S. Dollar index has rallied and continues to remain near 7 month highs. Many attribute the recent rise in the dollar to several falling European Nations. Countries such as Iceland, Greece, Ireland, Lithuania, Spain, and Portugal, are all reported to have financial troubles putting the European Union to the test. Usually if there is one nation in trouble there are more. Basically, there is not one nation that is immune from financial problems at this time. In December 2008 the dollar caught a strong bid higher as the markets were filled with fear. The U.S. Dollar index traded from a December 2008 low of 78.00 to a March 2009 high of 89.62. Please realize that this was a 13 percent increase in the dollar in just three months. When the world gets fearful most traders and investors look to hold dollars and not other currencies. Today the SPDR S&P 500 ETF (NYSE:SPY) gapped up sharply higher to start the day. This move up occurred while the dollar was down sharply to start the day. For quite some time now most commodities and inflationary stocks have traded higher as the dollar declines and lower when the dollar rises. These days the major indexes trade virtually in an inverse lockstep relationship with the dollar. These moves can be seen perfectly on an intra-day chart. Currently every trade is a dollar trade.
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/forex-news/

Posted by Aadil on February 9, 2010 at 9:41pm
KEY CHINESE DATA Due tomorrow (tonight GMT) (retail sales, new loans & fixed investment), will be examined from a monetary policy lens, pushing traders to bet on further PBOC tightening in the event of strong figures, especially on the loans front. But any signs of cooling loans could show the latest administrative measures on restricting loans are working . Watch the HANG SENG INDEX (which attempts to regain its 200-day MA at 20200). WATCH the BoE Inflation report and Gov King's subsequent testimony; FX traders will be reminded of the consistently negative reactions in the British pound to each and every appearance/speech by Governor Mervyn King since August (more on this below). LATEST HOTCHART NOW UPDATED http://bit.ly/9oQWra
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Chief Market Strategist Nails The Markets Again...Members Rake In The Money $$$

Posted by Aadil on February 9, 2010 at 7:11pm
By InTheMoneyStocks.com on February 9th, 2010 1:32pm Eastern Time As if the crystal ball is truly a thing of reality, Chief Market Strategist Gareth Soloway had called for a bounce off the perfect reversal day on Friday. In tune with that, last Friday he had accumulated share of UCO, the 2x long oil play along with other plays. His buy alert entry on UCO was at $9.60 Friday when everyone else was too afraid to step up. Just like always, he came to save the day by being gutsy enough to put his neck on the line. By reading the technicals he was able to tell that oil had finally flushed out. Today, he unloaded his UCO at 10.52 for a 3 day gain of about 10%. Just another big winner in a list that of winners that goes on forever. Congrats to all the Research Center and Intra Day Stock Chat members. You are clearly all in an elite group far above the rest of Wall Street. Join the Research Center now to get the other plays he is long!
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Markets Surge As The Dollar Collapses, United States Oil Fund (NYSE:USO) Exxon Mobil Corp (NYSE:XOM)

Posted by Aadil on February 9, 2010 at 6:29pm
By InTheMoneyStocks.com on February 9th, 2010 12:49pm Eastern Time The U.S Dollar has had a meteoric rise in just the last couple months. However, just as fast as it has spiked higher, it fell faster and harder today. Just as the 11am ET hour hit, the dollar collapsed. This was not a small drop, this was a fall off a cliff type move. While many think the dollar being stronger is a bonus for the United States, for Wall Street, a weaker dollar is key. No sooner did the dollar PowerShares DB US Dollar Index Bullish (NYSE:UUP) start to collapse, the markets ripped higher. Why you may ask does the dollar falling create a buying frenzy on Wall Street? Mainly due to the commodity spike a weak dollar creates. As the dollar collapsed, oil shot higher. United States Oil Fund (NYSE:USO) ran up like it had just caught the squeeze of the century. In tune with that move, as oil moves up, so will stocks that deal with oil like Exxon Mobil Corp (NYSE:XOM). Exxon Mobil Corp recently reported great earnings as well and looks to have some extra fuel in its tank today. Oil has been near term oversold and appears to be in for some near term strengthening. As the dollar continues to collapse then spike continue to watch the technical levels. This market is a cowboy market and needs to be traded with caution. I have unloaded my 2x long oil on ProSharesUltra DJ-AIG Crude Oil (NYSE:UCO) from my entry of $9.60 to my exit of $10.52 today. All members of InTheMoneyStocks.com received that trade live as it happened last Friday. Gareth Soloway Chief Market Strategist InTheMoneyStocks.com
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Intraday Market Thought from Ashraf Laidi - http://www.ashraflaidi.com/forex-news/

Posted by Aadil on February 9, 2010 at 6:13pm
EURO TRIPLE DOWNGRADE ASSAULT. No, the US fiscal challenges have never disappeared. But it is the triple downgrading assault on Greeces credit rating from Fitch (Dec 8), S&P (Dec 17) and Moodys (Dec 22), which exacerbated the sell-off in Greek sovereign bonds and the euro currency as a whole. The US dollar, which was boosted on Dec 4th by that surprisingly positive Nov jobs report, added to those gains and spilled onto fresh selling momentum in the euro as well as the commodity currencies. Those events, coupled with questions about possible downgrades in Spain and Portugal were largely instrumental in triggering the risk-aversion play to the benefit of the US dollar. We stick w/ our $1.32 EURUSD outlook. BERNANKE POSTPONES tomorrows Testimony due to snow. *** REGISTER FOR ASHRAFs FULL-DAY COURSE in LONDON http://bit.ly/bSHPbb ****
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The Dollar Decline Lifts The Index Futures

Posted by Aadil on February 9, 2010 at 3:00pm


The Dollar Decline Lifts The Index Futures

By TRADER X on February 9th, 2010 9:00am Eastern Time
The U.S. Dollar is lower this morning helping the stock index futures trade higher. Please remember since March 2009 it has been the weak dollar that has been the catalyst for the stock market rally. When the dollar declines most commodities and inflationary stocks will trade higher.

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Sales Rise 2.6% At McDonald's

Posted by Aadil on February 9, 2010 at 1:50pm
By InTheMoneyStocks.com on February 9th, 2010 8:39am Eastern Time McDonald's Corp just reported Tuesday that same-store sales in January jumped 2.6% overall. Sales in the U.S were down .7% but higher by 4.3% in Asia, the Middle East and Africa.
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Coca-Cola Income Rises

Posted by Aadil on February 9, 2010 at 12:59pm
By ITMS News on February 9th, 2010 7:55am Eastern Time Coca-Cola (K) reported fourth quarter earnings of $1.54 billion, or 66 cets a share up from $995 million or 43 centa a share a year ago. Revenue was up to $7.5 billion form $7.1 billion a year ago.
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