The U.S. dollar has strengthened slightly and is now moving away from its December low. Expectations of a 2009 recovery are starting to take hold and this is helping to strengthen the currency. In order for government stimulus to work in full force during the months ahead, it will be important for the dollar to maintain this strength.

Based on forward testing after the first week of June, the Coppock Guide remains on an upward path for the month. The Coppock guide is climbing up from the most oversold level in 70 years and some of the best buying opportunities have occurred at such negative extremes. We will be monitoring this indicator closely in the weeks ahead. Stay tuned for new updates.