For Immediate Release
Chicago, IL - 04/10/2012 - Zacks highlights commentary from
People and Picks Trader
"
inthemoneystocks
"
.
For more Voice of the People, visit
http://at.zacks.com/?id=5851
Featured Post
The Greenback Effect
Every trader and investor in the world should be following the
U.S. Dollar Index futures (DX-M2) once the major stock indexes open
for trading in the United States. Often when the U.S. Dollar Index
starts to decline and trade lower the major stock and commodity
indexes will inflate and trade off of the lows. This morning, all
of the major stock indexes are selling sharply lower in a broad
based decline.
In the past, the one way that the markets have shaved the
intra-day loss has been to sell off the dollar. Today, the U.S.
Dollar Index futures have dropped once the opening bell rang at
9:30 am EST. Can the U.S. Dollar Index decline enough today in
order save these markets from a major sell off? The U.S. Dollar
Index futures will have short term intra-day support around the
$79.76 area.
Some of the leading stocks that will usually trade inverse to
the U.S. Dollar Index futures include
Freeport McMoRan Copper & Gold Inc
(
FCX
),
BHP Billiton Ltd
(
BHP
),
Rio Tinto plc
(
RIO
) and
iPath Dow Jones-UBS Copper Subindex Total Return
ETN
(
JJC
). Traders should and must remember, if the U.S. Dollar Index
starts to catch a bid higher these stocks are likely to come under
further selling pressure throughout the day.
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Contact: Brent Billock
People & Picks Manager
Company: Zacks.com
Phone: 312-265-9307
Email:
pandp@zacks.com
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BHP BILLITN LTD (
BHP
): Free Stock Analysis Report
FREEPT MC COP-B (
FCX
): Free Stock Analysis Report
RIO TINTO-ADR (
RIO
): Free Stock Analysis Report
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