3rd Day in a Row

This is the 3rd day in a row that the market has diverged from the performance in the EUR/$USD.

As a general rule of thumb, a rising Euro means a falling dollar and a falling dollar means a stronger stock market. An easier way to remember it is, when the Euro rises, the stock market rises.

Her the SPY in green just fills the gap, while the Euro moves higher relatively speaking, so today is not as bad as the last 2 days, but the market is dragging behind the Euro, probably reflecting domestic concerns like earnings rather then the recent concerns over Europe.

FXE/Euro 2 min-as I asked -"Sell the News?" on the Slovakian vote. Of ourse there will be a knee jerk reaction to the vote being passed, but 3C 2 min has shown some weakness in the Euro as it moves higher.

3C 5 min shows the same and in fact started moving down in the red box, before the Euro.