Market up, commodities down, dollar up today

Currently today the Dow has surged 1.34%, the dollar has risen 0.64%, and the Rogers Commodity Index is down 0.33%. What do these numbers tell us? They highlight the strong correlation between the dollar and commodities. Even though the market has surged, commodities in general have fallen- commodities are choosing to associate themselves more with the dollar, turning their back to the movements in the general market.

The technical picture for the dollar has changed, with the dollar showing strong signs of beginning an upward trend. This could be a time to short commodities specifically and stocks in general for the moment.