One of the major intermarket relationships is that of the US Dollar Index and various Commodity Prices. Generally, the US Dollar trades strongly inverse commodity prices.

Let’s look at it before discussing it further:

Typically, a falling US Dollar index is inflationary, and inflation occurs with higher commodity prices (I am using the CRB Index in […]

I wanted to highlight a few key technology stocks that are bumping up against overhead resistance, whether via the 200 day moving average or prior price levels.
Let’s start with everyone’s favorite: Apple, Inc ( AAPL ):

AAPL is actually trapped between two levels of prior support/resistance, and should have massive support about the $145 area, […]

Let’s pull the camera back on the market to see where the S&P is on a monthly chart for broader insights:

Currently, price is trapped between its 20 and 50 period exponential moving averages.
The last time this happened was in 2001, right in the middle of a major bear market move. Are there similarities this […]

Continuing our brief study of intermarket relationships, let’s look at two markets with a powerful negative correlation: The US Dollar Index and the Gold Market.

Gold traditionally is a hedge against inflation, and inflation often is correlated with a weak dollar and higher commodity prices across the board (which is the environment we see now).

As […]