Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

The Plunge in DXY Could Have Important Implications


Although neither the DXY nor the CRB remain in the grasp of powerful 18-month trends, the anecdotal Momentum evidence argues strongly that both dominant trends-- up in DXY, and down in CRB-- are near or at exhaustion.

Today's plunge in DXY certainly has the look of the end of the Aug upleg, and the initiation of a decline to test the dominant up trendline, now in the vicinity of 95.15.

Such a decline in the Dollar should be supportive of a recovery rally in the CRB.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!