The volatility of the market have increased with the way the Dow Jones price action whipsawed in both directions after coming from its recently low @15,380 levels and since then recovered back to its original direction moving higher supported by overall corporate earning season. Current price as of this writing is @16,672.57; again aiming at the 17000 levels which would likely continue contrary to market still uncertain of the stability of this market direction.
With Pro-shares Ultra Dow 30 (ETF) following suit with prices @117.66 after making the deep decline to as low as 106.22 last Oct 15 has been tracking well the DJI with daily price gaps prevailing on the technical perspective.The major correction for the DJI have provided a considerable equivalent decline with the DDM & effects on the SPDR DIA that have most investors get caught flat-footed from these volatile movement.
The irony of the market is that the USD has slightly recovered from its recent decline nearing a support level from @84.45 to 84.74 basis point range while the registered high for the week came close to the 86.00 opening price of the month of October.The same price action relative to the DJI and the US Dollar have been reflected as in the direction major trend higher contrary to news reports even with the ebola virus cases slowly creeping into parts of the United States.
Market Volatility Prevails
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