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Synopsis

As the classic O’jays songs says, “Almighty Dollar… Don’t let money change you!” Darek Zelek joins Power Trading Radio to talk about the recent move in the dollar and its potential impact on the global equity markets. From his perspective, the equity markets could see a nice rally up over the next few days before beginning a much more significant and drawn out sell off over the next few months, and it all revolves around the dollar! After addressing a listener question about USO and global oil crisis, Merlin and Derek talk about relative strength, with an example on IYR and SPY. PowerPick: XLI