Planet Wealth

So which is it?  What's driving the market, Greece or the Dollar?  Well, in an effort to be politically correct (for a change) it's both.  The overseas markets were higher last night based on more details from the Friday rumor of a bailout of sorts by the EU for Greece.  Further details emerged this morning which caused an already higher market to rocket to the upside once again.  In watching the charts, the market is still moving perfectly in step (although in an inverse fashion) with the US Dollar.  The reason for the answer of "both" above, is because today specifically the dollar is reacting to the news from the EU.  The bailout commentary from the EU spiked an oversold Euro which in turn caused a sell-off in the US Dollar.  The shorts are being forced to cover today and as always the close is going to be the key today.