Wednesday, March 28, 2007

Stocks Moved Lower Today In Sloppy Trading



Another day of difficult trading if you are a day trader. We saw stocks break low in the morning, then they broke high around noon and then they drifted lower/sideways for the rest of the afternoon. Not much momentum in the market.

You'll notice in the above chart that traders are still watching the Japanese Yen. I would recommend keeping an eye on this currency during the day because it will make a large move at some point and our market will react in the opposite direction.. Other than that I haven't much else to say about the indices as far as day trading is concerned.

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