Good afternoon all, and welcome back from the weekend. Perhaps more important, congratulations to anyone who pulled the trigger on Friday's bullish recommendation on MagicJack VocalTec (CALL). CALL shares were up big-time today, closing almost 8% higher, translating into a gain of 7% for those of you that got in around the opening price of $5.80. Like we said then, we saw the move coming a few days ago. I'll also remind you that subscribers to the Under the Radar Movers newsletter are well ahead of you guys on the trade. James Brumley and his team recommended MagicJack to them on Thursday, getting them in at a price of $5.47. Those people are now up 14% on CALL, and as such have a ton of wiggle room to play with. We'll again stress what we told you on Friday -- if you want more trades like the MagicJack trade earlier and more often, then you want to become a subscriber to the Under the Radar Movers service. On average, there's at least one new trading idea per day.... some long-term, some short-term, but all of them great-looking ideas. And it's not just bullish trades either. The URM service suggested shorting (betting against) Northern Dynasty Minerals (NAK) on Tuesday of last week, and today's 11% plunge from NAK means members of the Under the Radar newsletter are now up 25% on their position. That's not to say every single trade Brumley and his team move that far that fast. But, a lot of 'em do, and you only need a few trades like that every year to really boost your bottom line. Look at it like this - if you like MagicJack and make some good money with it, you can use your proceeds that you may not have had otherwise to become a subscriber. A deal doesn't get any more fair than that. Here's how. As for marketwide stuff, one of the more interesting things that happened today had less to do with stocks and more to do with currency. Specifically, the U.S. Dollar Index briefly acted like it was going to reverse the downtrend that's been in place since late July. But, when push came to shove, the bears were doing plenty of shoving. The open and close near the low for the day says the bullish blip that took shape on Friday has already run its course, and the long-term [and we mean far beyond the latter part of July] downtrend is back at it. The weekly chart of the U.S. Dollar Index gives us some perspective on the trend the daily chart doesn't. In this timeframe we can clearly see the long-term moving average line is sloped downward, telling us the trend is bearish. The lower low in July -- lower than the peak of 100.50 late last year -- drops the same hint. The game-changer is 93.0. If the U.S. Dollar Index falls below that level, oil prices go meaningfully higher. Consumer inflation goes meaningfully higher. It should theoretically put some downward pressure on interest rates, but as we've discussed recently, the dollar and interest rates have been disconnected for a while. It's entirely possible the dollar could fall even as the Fed pushes rates higher.... which they would pretty much have to in order to quell inflation. And no, we don't think the 93.0 mark is going to hold up forever as a floor. It's been tested four times since early 2015. One of these times, it's going to snap. That's not a bad thing though. A weaker dollar would be a huge boost to U.S. companies that sell goods overseas. It would also be great for the energy sector, as it would boost the price of oil. Those two headwinds are the root cause of the earnings lull we've seen since the beginning of 2015. If we solve that problem, we start to solve a big chunk of the market's valuation problem. The hardest part is waiting. Speaking of waiting, is everybody else tired of watching the market just drift sideways here. We've now started our third week of going nowhere? Take a look at the daily chart of the S&P 500. The bulls seems to have drawn a line in the sand at 2176. Until 2176 snaps as a floor, none of the bearish arguments matter. Make no mistake though... the undertow is bearish. The chart below is one we've looked at before, but haven't talked about as much since the Under the Radar Movers service took the ball and ran with it by making it into a full-blown trading system -- we yield to the bigger, better use of the idea. Just for kicks today though, we're reprising the advancer/decliner and up-volume/down-volume charts. I'm not nearly as interested in the raw data for those four data sets, though, as I am in the moving average lines for each one. The advancer (ADV) and up-volume (UVOL) trends are both pointed downward, and while the bearish volume (DVOL) could go either way right now, the decliner (DECL) is sloping upward here. The trends indicated by the moving average lines are better tools than just your eyeballs in making sense of this information. Numbers don't lie. This has always been one of my favorite charts to look at, since it tells us what we can't see with just a quick glance at the daily chart of the S&P 500. I have to be honest though... it kind of made me sick to see how much more James Brumley did with the same data over at the URM newsletter. He's got literal buy and sell signals based on the optimal (quantified and tested) moving average lines of all four sets of data. It's served him and Under the Radar subscribers quite well too. If you're not a subscriber, you're missing out.