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Tracking the Dollar Index Into a Correction

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Yesterday's Notable Technical DevelopmentsStocks put in a modest up day on average volume as downward pressure on the US Dollar overcame nervousness about Dubai debt fallout.Bonds traded higher in price once again but only modestly so.Commodities traded higher on the downward pressure in the greenback -- gold eked out a gain and oil finished significantly higher on geo-political concerns in the Middle East.As mentioned above the US Dollar Index finished in the red for the day Monday -- but well off the session lows (and still above support) after gapping significantly lower. Click to enlargeCritical Market ComponentsClick to enlargeChart ...

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