Don't Ignore This Chart!

Dollar ETF Gains in October as Oil ETF Gets Hit Hard


This PerfChart shows ten ETFs that cover the intermarket picture. Notice that nine of the ten moved higher with stocks and gold leading the way. Oil was hit the hardest with a 5+ percent loss. In a surprise, the Dollar and the Euro both gained. Dollar strength can be attributed to Yen weakness.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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