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This correlation means trouble for stocks: Technician

From cnbc.com

tocks have been sputtering in and out of positive territory this week as investors try to make sense of recent selloffs. While much of the focus has been on the U.S. indexes, one technician is looking overseas for clarity. "The most interesting action in the market right now is what's happening in the yen," Jonathan Krinsky said Thursday on CNBC's "Futures Now." The dollar/yen rallied 5 percent in the first six months of the year, hitting a high in early June. But it's what's happened since then that has Krinsky concerned. "It briefly traded above this area that it was trading at in 2006 and 2007 and then quickly ... (full story)

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