Looking at the chart below, the strength of us dollar not only important, the strength of us dollar is very telling.
As you can see at the top of the chart, the NASDAQ has really not done much the last few months. It has merely been trapped in a range. The nasdaq hit the top resistance line and now seems to be retreating a bit, however it has not really picked a direction.
The USD chart below has gone from strength to strength!, as it continue to stay within its upwards channel and put pressure on the leader of the market. It seems that money is coming out of stocks and equities and starting to go into the USD and other assets as we have explained recently. Will this continue?
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