When The Dollar Dips The Market Flips

When The Dollar Dips The Market Flips : Often, when the U.S. Dollar Index rallies higher before the opening bell it will fade once the opening bell rings at the New York Stock Exchange at 9:30 am EST. That is exactly what took place this morning, as almost everything in the stock market is inflating. On the flip side, if the U.S. Dollar Index somehow catches a bid during the trading session it is likely that we see the major stock indexes deflate and trade lower. Today is the Wednesday before options expiration which is on May 20, 1011, therefore, this is usually most volatile trading session of the week.

Some equities that are trading higher from the decline in the U.S. Dollar Index include iShares Silver Trust (NYSE:SLV), SPDR Gold Shares (NYSE:GLD), Chevron Corp. (NYSE:CVX), and the Oil Services HOLDRs (NYSE:OIH). If you have not noticed all of these equities are part of the commodity complex which is the most influenced from a dollar decline. Source wallstreetpit.com... For the latest updates PRESS CTR + D or visit Stock Market news Today

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