Some short-term trends have swung

S&P lowers U.S. government long-term credit rating to negative and the US Dollar rallies….

Not all market reactions seem logical.

US Dollar Index, Euro, VIX, S&P 500, Copper, US Transports, Nasdaq, CRB Index & Philly Gold/Silver Index – have all reversed their recent short-term trends.

Existing trends in spot Gold, Silver & Oil are still intact.