Dollar is number one Factor…

The topping out of the dollar is the most important thing that has occurred over the past couple of weeks. This is due to a realization of the damage the FED was doing to the global economy. Update here of the SPX/SHY/UDN chart of this morning at 9:30 AM CDT.

Also watching the ongoing move out of consumer big tech and into the New Economy. In early trading FANGS are down about 3 % and Biotech and Solar are up 5 to 9 %.