Does the market still correlate?
It is not a correlated market. The dollar is up and crude oil prices are down, which is normal, but the 30-year bond is trading lower. Financials should always correlate with the U.S. dollar, so when the dollar is lower, bonds should follow and vice versa. The S&P is trading lower, and crude oil is trading lower, which is not a correlation. Gold is trading lower, which is correlated with the uptrend in the US dollar. I tend to think that gold has an inverse relationship with the U.S. dollar, because when the U.S. dollar goes down, the value of gold goes up, and vice versa. Think of it like a see-saw: When one goes up, the other should go down. I point this out to make you aware that something is wrong if there is no correlated market. As a trader, you have to be aware of this and trade with your eyes open. In Asia, prices are trading mostly lower, with the exception of the Shanghai and Sensex exchanges, which are trading higher. All of Europe is currently trading higher.