Watching 1121.x Russell futures, 1301.x MidCap 400 futures, ~14910-14920 Nikkei CME futures. The big upper channel resistance line is breaking upward on SPX, SPY, and ES...will use above #'s today as lines in sand.
whatever it is, it went up without me, and thats rare. I normally have some sort of an entry that gets me in on these things. Not today, up almost 10 points and I'm just watching it, LOL. Reminds me of my newbie days.
There is no doubt the dollar is an important factor, among others. If it was the sole driver you would expect it near its lows but though it has been weak of late it is actually very close to the mid range of its 2008 low and its 2009 high, technically it is consolidating in this midrange, and we will have to see if it breaks lower out of this consolidation range. It is threatening to, and a break lower could of course support still higher market valuations. (edit) I guess I should add that it is, this am, very near the bottom of its consolidation range on the DX monthly, so it wouldn't be surprising to see support here.
shorted 10 more 1752.50. avg on 30 is 1715. down 55k. obviously i misjudged this but staying the course for now. I've been down 400k before and ended up making 300k.i'm a big boy and know the risks and rewards