Friday, December 11, 2009

12.11.09 - Dollar Manhandling Markets

Good economic reports here and abroad had US markets advancing nicely until the dollar matched that strength.  However, yesterday's mid-line near the five-day moving average has provided initial support and risk-taking sentiment is hanging in there.  Still, it's troubling to see the Semi's and Financials not participating, but perhaps the Retailers can keep the broader indices propped for a bit longer.  I'll be watching for potential resistance at the falling VWAP.

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