The rally which started on Monday will continue today . The rally has been fueled by short covering in anticipation of start of QE in Europe. EU Central bank announced today to buy 60 Billion euros worth of bonds every month from March 2015 to Sept 2016.
This will have short term effect on US stocks but market will eventually decline
Euro will make new lows and Dollar will make new highs today.
Dji
SPY
TNA
GLD
GDX
XLE
ERX
UVXY
This will have short term effect on US stocks but market will eventually decline
Euro will make new lows and Dollar will make new highs today.
Dji
IWM
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