Comments on: New 2009 Lows for Dollar and Highs for Crude Oil http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bob http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-213476 Bob Wed, 03 Jun 2009 01:29:41 +0000 http://blog.afraidtotrade.com/?p=4045#comment-213476 Interesting to consider the impact of the USD on certain sectors of the market; the slide of the US dollar leans toward "inflation". While inflation hasn't been a problem yet and deflation appears more troubling now, it is certainly a concern and something the Federal Reserve would care to minimize. <br><br>With the US dollars decline, commodites such as steel, oil, gold, etc. all become more desired, offering a safehaven of sorts; flight to quality and tangible assets. <br><br>As the USD has declined, commodities and related stocks are rallying, not so much due to the underlying commodity values changing, demand picking up or inventories falling, but I'd speculate it's more a result of the change in the value of the dollar. <br><br>There also appears to be a rotation into multi-nationals occuring too. There, non-domestic revenues increase as the dollar declines relative to other currencies. Interesting to consider the impact of the USD on certain sectors of the market; the slide of the US dollar leans toward “inflation”. While inflation hasn't been a problem yet and deflation appears more troubling now, it is certainly a concern and something the Federal Reserve would care to minimize.

With the US dollars decline, commodites such as steel, oil, gold, etc. all become more desired, offering a safehaven of sorts; flight to quality and tangible assets.

As the USD has declined, commodities and related stocks are rallying, not so much due to the underlying commodity values changing, demand picking up or inventories falling, but I'd speculate it's more a result of the change in the value of the dollar.

There also appears to be a rotation into multi-nationals occuring too. There, non-domestic revenues increase as the dollar declines relative to other currencies.

]]> By: Bob http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209479 Bob Tue, 02 Jun 2009 20:29:41 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209479 Interesting to consider the impact of the USD on certain sectors of the market; the slide of the US dollar leans toward "inflation". While inflation hasn't been a problem yet and deflation appears more troubling now, it is certainly a concern and something the Federal Reserve would care to minimize. <br><br>With the US dollars decline, commodites such as steel, oil, gold, etc. all become more desired, offering a safehaven of sorts; flight to quality and tangible assets. <br><br>As the USD has declined, commodities and related stocks are rallying, not so much due to the underlying commodity values changing, demand picking up or inventories falling, but I'd speculate it's more a result of the change in the value of the dollar. <br><br>There also appears to be a rotation into multi-nationals occuring too. There, non-domestic revenues increase as the dollar declines relative to other currencies. Interesting to consider the impact of the USD on certain sectors of the market; the slide of the US dollar leans toward “inflation”. While inflation hasn't been a problem yet and deflation appears more troubling now, it is certainly a concern and something the Federal Reserve would care to minimize.

With the US dollars decline, commodites such as steel, oil, gold, etc. all become more desired, offering a safehaven of sorts; flight to quality and tangible assets.

As the USD has declined, commodities and related stocks are rallying, not so much due to the underlying commodity values changing, demand picking up or inventories falling, but I'd speculate it's more a result of the change in the value of the dollar.

There also appears to be a rotation into multi-nationals occuring too. There, non-domestic revenues increase as the dollar declines relative to other currencies.

]]> By: Don-Da-Mon http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209478 Don-Da-Mon Tue, 02 Jun 2009 13:34:15 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209478 Corry, thanks for looking. Yes I was aware that clicking the title normalizes the prices of remaining items relative to that one. However, I was wondering if there is a tool or something that could annotate to get tech analysis on such a chart. Everyone hoping for a pullback and if viewed this way , did the $SPX have a XX%? retracement in May? Was that the pullback? Would we have different resistence/targets? It looks more like a ABC correction. Charting just the $SPX gives different formations i.e. rising wedge.<br><br>Thank you for this blog and being so responsive. Your politeness, as an example, has changed how I respond to others as I see how much this community is enthusiastic about contributing. Corry, thanks for looking. Yes I was aware that clicking the title normalizes the prices of remaining items relative to that one. However, I was wondering if there is a tool or something that could annotate to get tech analysis on such a chart. Everyone hoping for a pullback and if viewed this way , did the $SPX have a XX%? retracement in May? Was that the pullback? Would we have different resistence/targets? It looks more like a ABC correction. Charting just the $SPX gives different formations i.e. rising wedge.

Thank you for this blog and being so responsive. Your politeness, as an example, has changed how I respond to others as I see how much this community is enthusiastic about contributing.

]]> By: Video: How Low Can the Dollar Fall? | Afraid to Trade.com Blog http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209477 Video: How Low Can the Dollar Fall? | Afraid to Trade.com Blog Tue, 02 Jun 2009 12:56:45 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209477 [...] Sometimes I’m convinced Adam reads my blog, or at least we’re on very similar wavelengths in our analysis!  Just last night, I posted my own take on these two markets in my comparison post “New 2009 Highs for Crude Oil and New Lows for the Dollar Index.” [...] [...] Sometimes I’m convinced Adam reads my blog, or at least we’re on very similar wavelengths in our analysis!  Just last night, I posted my own take on these two markets in my comparison post “New 2009 Highs for Crude Oil and New Lows for the Dollar Index.” [...]

]]> By: C.C. Rider http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209476 C.C. Rider Tue, 02 Jun 2009 09:52:08 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209476 I noticed the weekly on the dollar entering a strong trend as well. Good stuff Corey.<br><br><a href="http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=1&mn=0&dy=0&id=p52273390908" rel="nofollow">http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=1&...</a> I noticed the weekly on the dollar entering a strong trend as well. Good stuff Corey.

http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=1&...

]]> By: Tan Haw Swee http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209473 Tan Haw Swee Tue, 02 Jun 2009 07:31:50 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209473 Hi Corey, it is exciting to read about your analysis about the crude oil in relation to the USD. I am in the trading with the forex for the USD/jPY pair, but the USD in that particular pair seem going undulating but rather strong, just like the USD is trying hard to break up. By the way you have not talked about copper for quite a while now , can please give a little comment on copper as there is an up swing recently. plesae tell us how far can the copper goes up. Thank you. Hi Corey, it is exciting to read about your analysis about the crude oil in relation to the USD. I am in the trading with the forex for the USD/jPY pair, but the USD in that particular pair seem going undulating but rather strong, just like the USD is trying hard to break up. By the way you have not talked about copper for quite a while now , can please give a little comment on copper as there is an up swing recently. plesae tell us how far can the copper goes up. Thank you.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209471 Corey Rosenbloom, CMT Tue, 02 Jun 2009 04:40:34 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209471 Nice comparison there.<br><br>One way to 'zero-out' a fund or market is to click the title or the small colored square in the title - just above the chart but beneath the large title.<br><br>That will show how other markets compare to that market specifically. Nice comparison there.

One way to 'zero-out' a fund or market is to click the title or the small colored square in the title – just above the chart but beneath the large title.

That will show how other markets compare to that market specifically.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209470 Corey Rosenbloom, CMT Tue, 02 Jun 2009 04:37:57 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209470 Absolutely - could also be referred to as an "AB=CD" Measured Move as well.<br><br>Definitely exceeding price targets - confluence resistance comes in around $70 so we'll see. Absolutely – could also be referred to as an “AB=CD” Measured Move as well.

Definitely exceeding price targets – confluence resistance comes in around $70 so we'll see.

]]> By: sahil kapoor http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209469 sahil kapoor Tue, 02 Jun 2009 04:29:32 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209469 crude oil top is very near. I think its going to top out between $72- $76 <br><br><a href="http://sahilkaps.blogspot.com/search/label/Metals%2520Market%2520Perspective" rel="nofollow">http://sahilkaps.blogspot.com/search/label/Meta...</a> crude oil top is very near. I think its going to top out between $72- $76

http://sahilkaps.blogspot.com/search/label/Meta...

]]> By: Don-Da-Mon http://blog.afraidtotrade.com/new-2009-lows-for-dollar-and-highs-for-crude-oil/comment-page-1/#comment-209468 Don-Da-Mon Tue, 02 Jun 2009 02:00:55 +0000 http://blog.afraidtotrade.com/?p=4045#comment-209468 Corey, I've been normalizing the OIL and SP to the UDN Dollar Bearish ETF. That way the true value of the commodity/market can be seen. Oil value has been relatively flat the last 100 days. Using the attached link and select the UDN tab to see true value change on USO or SPX. I've done it with GLD and SLV to see how they've performed. I wish I could get other indicators on this Perf Chart. Do you know of a way to normalize and add indicators?<br><br><a href="http://stockcharts.com/charts/performance/perf.html?UDN%2CUSO%2C%24SPX" rel="nofollow">http://stockcharts.com/charts/performance/perf....</a> Corey, I've been normalizing the OIL and SP to the UDN Dollar Bearish ETF. That way the true value of the commodity/market can be seen. Oil value has been relatively flat the last 100 days. Using the attached link and select the UDN tab to see true value change on USO or SPX. I've done it with GLD and SLV to see how they've performed. I wish I could get other indicators on this Perf Chart. Do you know of a way to normalize and add indicators?

http://stockcharts.com/charts/performance/perf….

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