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Expect More Market Volatility, It Is Whipsaw Wednesday s

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This morning, the S&P 500 Index e-mini futures (ES U1) are trading higher by 3.00 points to 1195.25 per contract. The futures have bounced into positive territory after bond yields on European Union debt declined earlier. The decline in European debt yields was due to European Central Bank intervention. It is possible that this could help keep the markets together for a short period of time. Whenever, the futures are trading higher it will usually mean that the U.S. Dollar Index is trading lower. This morning, the U.S. Dollar Index futures (DX U1) are trading lower by 0.35 cents to $73.75 per contract. The inverse relationship between the U.S. Dollar Index and the major stock market indexes remains intact at this time.

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