Blog post: Day 27 of $QQQ short term up-trend, 419 new lows and 105 new highs among US stocks Tuesday; 89% successful new lows from 10 days ago, 45% successful new 10 day highs; Dollar, $UUP, now in daily RWB up-trend along with higher interest rates and $GLD therefore weakens


When interest rates rise, foreign traders buy dollars to invest in dollar denominated instruments and to receive the higher interest. As dollar rises in value gold price (GLD) declines because it takes fewer of the more valuable dollars to buy an ounce of gold.

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