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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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Charts and Commentary

Normally, you can ignore the U.S. Dollar and just go on your merry way of investing.

However, this is a special time where it is critically important to watch the U.S. Dollar, because Institutions are factoring the Dollar into their decisions relative to what mix of Foreign and U.S. Stocks they should hold ... and what they should sell.

For Institutions, a falling Dollar means rising foreign currencies that turns to a plus when they sell any foreign investments that have appreciated.

Medium and Long Term, the Dollar is trending down which will become negative for our stock market because of outflows by foreign investors. Foreign Institutions have at least 2 to 3 trillion dollars in our market.

The last two weeks have experienced a hard drop for the Dollar. Yesterday, the Dollar hit a two week support level and held as seen on today's chart. This morning, the Dollar is having real difficulty gaining enough steam to have a retracement on the recent drop.

If we have another steep sell off, it will put downward pressure on our markets that could initiate the beginnings of a correction ... so stay alert on what is happening with the Dollar.

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages. I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

 

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