Four Market Money Flow during the Stock Market Surge Jan 27

Jan 27, 2017: 1:52 PM CST

We know that US Stocks surged to new all-time highs this week as the Dow Jones broke above 20,000.

However, did you know what happened to Gold, Oil, and the US Dollar Index?

Let’s scratch beneath the headlines of the stock market to see fund money flow in our quad-market grid:

First, stocks traded sideways through January until this week’s bounce and breakout higher.

At the same time the stock market was sideways in January…

  • Gold was surging toward $1,200,
  • Oil was trading in a range but falling toward $52.00,
  • and the US Dollar Index continued to trade persistently lower.

AFTER stocks broke out to new highs, the following occurred in these markets:

  • Gold (a current “Risk-Off” market) fell lower down away from the $1,200 level,
  • Oil (an economically-sensitive commodity) crept higher along with stocks,
  • and the US Dollar Index continued trading lower, in fact reaching a new swing low toward 100.

Whether or not you trade these markets, it’s helpful to get a sense of what’s going on behind the scenes.

That’s what we do in our Intermarket Strategy and Planning report for you each weekend.

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Corey Rosenbloom, CMT

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