The dollar move off the lows is 2nd only to the move to last year’s

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This current U.S. dollar move off the lows is 2nd only to the move into the market lows of last year as Europe was on the brink. This move is 4.2% off the lows end of January and makes the break about the 200 day moving average look convincing.  Metals and commodities have traded poorly for days and will continue to until U.S. dollar breaks lower.

Can commodities and emerging markets rally in a dollar bull market?

This is the age long question.  So far, the answer is no.

But last time the U.S. dollar had this clear of a sell signal, according to my friend Tom DeMark's counting system, was end of May 2011 and this was one of the great times to load the boat on emerging markets and commodities.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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