This morning, the S&P 500 Index e-mini futures (ES Z1) are trading higher by 1.25 points to 1236.50 per contract. Once again, the major stock indexes are holding up very well again despite very little clarity out of Europe this past weekend. Traders and investors can continue to use the U.S. Dollar Index as a stock market barometer. As long as the U.S. Dollar Index remains weak the stock markets around the world will inflate and trade higher. If and when the U.S. Dollar Index rallies the major stock indexes will likely deflate and trade lower. The U.S. Dollar Index is the only chart that can help traders avoid all of the news.
