A Wave of Data, A Lackluster Week

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A Wave of Data, A Lackluster Week

Post  harpal1980 on Mon Nov 23, 2009 3:32 am

Novemberís secondary trend stalled towards the end of the week, as both the slide in the Dollar and the rally in the equity markets came to an abrupt halt. The dollar index found support throughout the week after bouncing higher during Mondayís session. Even though economic news still favored lower levels for the U.S Dollar, the Dollar held its ground, which coincided with a turn in the equity markets. For the week, the S&P 500 index was down 4 points of .4% closing at 1089.

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