Tuesday, February 17, 2015

Market Strength Remains: CCY Majors - Dow Jones - S&P - USDX

As often as we have mentioned that these are "Exceptional Times" in the market as early as October 2014. The recent market declines on the Dow and the USD have proven to be a correction. Not after the fact, as our market call have been quite in lined with the price direction heading towards December and the 1st quarter trading activity seen today.
With the DJIA back above the 18K levels along with the SP500; it would not be surprising to see the fruition of our market call on the NASDQ in the making and to come much closer to the 5K mark that was called last January 2015. When two (2) of the major indexes have remained well above their respective support levels the spill over and ripple effects would weighing sooner than most would expect. The breath of the maket remains as strong as nearly when price action would finally be reflected. And to anticipate it is entirely a different situation. A clear example, other than the indices are the two CCY majors against the USD Index. Market Strength Remains: CCY Majors - Dow Jones - S

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