On March 9th, the anniversary of the index lows, I featured a chart from technical contributor Chris Kimble in response to a CNBC good news piece about stocks and the dollar moving in tandem (see Technical Tuesday: The Dollar Dilemma). Chris's new chart suggests a return the non-correlation.

Chris sent this comment on his Blackberry:

For the majority of the past 7 years, "so goes the dollar, the 500 index heads in the opposite direction." The past few months have seen a high correlation, until the past couple of weeks. Is the non-correlation about to pick up again as the dollar is hitting new highs for 2010?

For feedback or more information, email Chris at KimbleChartingSolutions@gmail.com.