Both the US Dollar and the Dow showed remarkable resilience despite more scary figures out this week from the oil sector.  Besides setting a new high above $136 last week, yesterday's inventory numbers showed yet another drop, this time by 8.8 million barrels (the previous month saw a decline of 5.4 million). The GDP price index held steady at 2.6% for the quarter, meanwhile the preliminary GDP for the same period rose to 0.9%, up from 0.6% the prior quarter.  While many signs still Read More...

Filed under: Technical