Market Summary

It has been awhile since my last post of a market summary. Here is a performance table of some markets followed sorted by year to date. The big rally Friday seems to suggest markets will continue an upward climb. Gold, which has been moving in the opposite direction of the stock market, took another hit moving to the downside and is below its long term 200 day moving average.Click on table to enlarge.
The market rally has in part been due to a strengthening in the dollar and a drop in the price of oil, which go hand in hand. Below is a chart of the US Dollar, symbol $USD, showing a dramatic rise last week. A strengthing dollar is bearish on oil. And as far as perceptions are concerned a drop in the price of gas gives a psychological boost to the economy. Click on chart to enlarge