re:reaction - from memory the market was positive, at the time...

re:reaction - from memory the market was positive, at the time the USD started it's Xmas rally, this time looks very different.

My guess is the USD looks like it's back in favour - the rally turning into a trend. So things might be in a bit of turmoil while there is a rebalance of equity. I don't have to agree with it, but if I was to explain it, this would be it for me.

The USD looks like it was starting to roll over from it's recent highs. But the upbeat news seems to be holding sway. Home sales and mortgages are still UTS.

Big annnouncements due Thur/Fri for the US
Jobless claims
Durable goods
GDP

... this might put another rocket under the USD, but it has been showing signs of weakening near the highs of late. Gold is near the 1075 low, AUD back at 90, markets down, commodities (wheat, soy) have pared back previous gains ...

At the minute trends certainly look to the downside based on the strength of the USD, like it or not. Anticipation of the news might have caused your stop.

Trade safe.

rgds,
pw