Some traders imagined new life for the US Dollar Index, and while that may be the case long-term, in the short-term, the Index has created a false breakout only to roll back to the downside and could make new lows.
Let’s look at the daily chart:

While a positive momentum divergence did precede the breakout of the […]

The market has been strong since its March 2008 lows, but let’s take a peek under the hood at the Market’s Internals to see if there’s underlying strength or weakness.
First, the the recent NYSE Advance/Decline Line:

The important fact to note about this chart is that the line made a new high for 2008 and rose […]

Let’s look at the price positions of the US Dollar Index and the Dow Jones Index to gather clues about possible moves next week:
First, the Dollar:

The Dollar Index rallied (strengthened) last week, after forming a tight coil and has broken above its key 20 period moving average. Price is finding preliminary resistance at the […]