Comments: The US Dollar Index is again showing signs of a major breakout.
This has negative implications for Crude Oil, the Canadian Dollar, the S & P 500 and to a lesser extent Gold.
We will need to continue to monitor the situation as it develops. A surprise negative shock to stocks could be the trigger for a "safe haven" play to treasuries.
As mentioned in previous posts, this would likely be temporarily bullish for the US Dollar, as the long term outlook appears quite negative due to accumulating federal deficits.