Dollar Index, S&P 500

I don’t have much today but I want to point out yet again the relationship between the dollar index and equities so here’s the day chart for the S&P with the dollar index.

Same story all week, dollar up market down, dollar down, market up. We’re completely held up by QE.

For anyone who wants more updates on CGC, I’ll keep you posted, they were up again another 1.47% despite the entire precious metals market lagging with the HUI down 0.81%. ;)

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

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