Stocks, Dollar Plunge As Gold & Bonds Soar Amid Trump Turmoil

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May 17, 2017 2:45pm INDEXDJX:.DJI NYSE:DIA

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From Corey Rosenbloom: We’re seeing big movement today toward risk-off money flow in our quad-market grid. Claim whatever headline you want, but markets are moving rapidly toward defensiveness and protection.


The Dollar is in free-fall while Gold and Bonds are boosted by the increasing political uncertainty in the US.

After inching weakly to a new all-time high, stock prices collapsed this morning with a “gap and run” event.

Even if you’re just a stock market trader only, it’s helpful to know what’s happening in broad markets like these.

Oil (not charted) remains stable while these markets either surge or collapse intraday.

This is just a quick quad-chart to highlight the rapid intraday movement and instant V-Spike Trend Reversals.

On the ETF side of things, the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) was trading at $206.92 per share on Wednesday afternoon, down $3.03 (-1.44%). Year-to-date, DIA has gained 4.76%, versus a 5.81% rise in the benchmark S&P 500 index during the same period.

DIA currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #5 of 75 ETFs in the Large Cap Value ETFs category.

Meanwhile, the Dow Jones Industrial Average (DJIA) itself is plunging in the afternoon hours, down 323 points (-1.54%) to 20,656.76. The Dow has now crashed well through its 50-day moving average of 20,783.50.


This article is brought to you courtesy of AfraidToTrade.com.


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