Karpel’s Corner: The Bears Got Nothing Unless the Dollar Takes a Dip

Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!

The market continues to hover at all-time highs, with the S&Ps holding $200.

Now, that is stating the obvious, so I will not linger on the upside strength of the Large Cap indices. What I will say is that if the Dollar ($UUP) weakens, or the data at the end of the week shows slower growth than expected, we might actually get some volatility. I am not holding my breath on that one,  because I would be dead by now.  No joke!

One market that looks ready to resume downside pressure is Gold. In our video this week we explain that the strong Dollar, in combination with strong growth, especially in the labor force, continues to put pressure on the shiny metal. I will be looking for continuation to the downside, specifically a deeper break through $1270. Stay tuned to our Twitter feed for any changes in bias.

See you next time at the Corner!