DXY and NDXBased on my findings each day the Dollar Index (DXY) went higher the Nasdaq Index (NDX) sold off. My new strategy during this market is to watch the DXY daily trend and trade in the opposite direction of the trend with the NDX. Today the DXY rallied $.83 (.75%) and the NDX is down (-.67%) premarket. When the market opens I will watch to see if the DXY continues its overnight rally or if it becomes exhausted throughout the day. This is on a day when NFLX rallied 10% overnight due to a strong earnings report released after market hours yesterday. Today TSLA is expected to release their earnings report after the market closes as well.
