There's been no denying the importance of the US dollar when it comes to evaluating risk appetite.

It's been clear -- the dollar has been the safe haven.

Not gold.

Not the yen.

Certainly not bonds.

When the dollar has been strong, crypto and equities have been pressured, and vice versa when the dollar's eased off.

Just look at the last few sessions of trading: The dollar sold off, and equities quickly got back above their June lows, putting in a failed breakdown.

In fact, it's not just the broad indices putting in these failed moves. There are ton of whipsaws out there this week.

One, in particular, that's caught our interest is gold.

After running the stops below this support level, gold finds itself back in the high time frame range.

We can't say it enough: We love these setups. They're among the highest-conviction, highest-probability, and greatest momentum setups to trade -- all factors traders dream of.

In essence, when price undercuts its former lows, stop-losses get hit and...

We've adjusted a position in the Paid-to-Play portfolio today:

Stocks have been under pressure consistently since Q1 last year. That was 20 months ago.

That's precisely when the United States Dollar stopped falling and started to rise.

And this wasn't just against the Euro, which represents 58% of the Dollar Index, we saw Dollar strength across currencies from all over the world.

The US Dollar was the only safe haven asset this year. It wasn't US Treasury Bonds, it wasn't Japanese Yen and it certainly was not Gold.

The only safe haven was the US Dollar.

From the Desk of Kimmy Sokoloff

We're seeing a nice pullback in the indices this morning, which is actually healthy after the two-day rally we just had.

For today, I'm watching $SPY support at 372 and $QQQ support at 277.

Elon Musk and Twitter $TWTR are back in business!

In a letter filed with the SEC on Tuesday, the eccentric billionaire offered to close the originally agreed upon deal worth $44 billion.

The stock we're looking at this week is part of the Chemicals sector. These are stocks that are displaying strength on an absolute and relative basis. And that's exactly what we're looking for!

We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

From the Desk of Ian Culley @IanCulley

The US dollar has been under pressure for the past five days, and investors are dancing in the streets.    

I get it. A weaker dollar sits at the top of every stock market bull’s wish list. When the dollar goes down, stocks tend to go up. But don’t forget – betting against the dollar has only brought pain this year.

So, instead of joining the celebrations, I nailed down a clear-cut strategy for selling dollar weakness. 

Spoiler Alert: Early sell signals are already starting to fire!

From the Desk of Kimmy Sokoloff

The market continued to rally all day. It was nice to see.

Now, hopefully we do get follow through.

From the desk of Willie Delwiche.

The Scales are tipped toward risk and away from opportunity.

A challenging macro backdrop is weighing on the market and unsustained rally attempts have kept Breadth and Trends & Momentum from joining Sentiment as reasons to look for opportunity.

Our Weight of the Evidence Dashboard fills in the details and includes a few high-level charts that we are watching as we head into the 2022 homestretch.

I thought last night's call went well.

Sorry it went a little long and had 200 charts.

I get carried away sometimes ;)

But I tried to hit on the most important points.

ASC Premium Members can watch the replay here and download the slides.

And speaking of important points, isn't this the exact point in time to be buying stocks?

From a seasonal perspective, the time is now:

From a seasonality standpoint, this is where you buy stocks.

Sentiment is near wash out levels. Who was left to sell?

Today on BNN Bloomberg I was asked about why we were buying stocks.

I think it adds some value to talk about the risk management procedures as well. And also which stocks we want to be buying.

Here's the full clip: