Tuesday, December 15, 2009

Strengthening Dollar

The overnight theme that has been weighing down the market is the stronger dollar.  Gold is weaker as a result and threatening to make new lows since it peaked.  The market reacted quite negatively to the PPI and Empire Manufacturing data.  That happens when you get a negative number and markets are overbought. We remain within the range.  The beat goes on.

2 comments:

Anonymous said...

Long more PROV @ 1.59

'OL DAWG

Anonymous said...

2.59