Once again, the major stock indexes continue to inflate higher. Yesterday, the stock markets soared sharply higher as the U.S. Dollar Index plummeted. Traders must understand that a weak U.S. Dollar inflates stock indexes around the world these days. It is certainly a different environment from the 1990′s when the U.S. Dollar was very strong. This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher by 2.75 points to 1357.75 per contract. All traders should closely follow the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) once the market opens.
