Futures Off The Lows, Here Is Why

Loading...
Loading...
The major stock market indexes have rallied off of the pre-market morning lows. Once again, when the U.S. Dollar Index declines the major stock indexes will inflate and trade higher. The U.S. Dollar Index could be the most important chart for any trader or investor to follow at this time. If, the U.S. Dollar Index can plummet lower the stock market could probably rally. Is this really a sign of a healthy economy and market? The answer to that question is no, however, as a trader this is something that we must all know and understand. Traders should realize that energy and commodity stocks will usually react the most to a weak U.S. Dollar Index. Commodity stocks such as Freeport McMoRan Copper & Gold Inc
FCX
, Southern Copper Corp
SCCO
, U.S. Steel Corp
X
, and Exxon Mobil Corp
XOM
are likely to see bounces on any U.S. Dollar Index weakness. Traders that do not have access to the U.S. Dollar Index can follow the PowerShares DB US Dollar Index Bullish
UUP
. Nicholas Santiago InTheMoneyStocks.com
Market News and Data brought to you by Benzinga APIs
Posted In: TechnicalsMarketsTrading IdeasGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...