Japanese Yen

One of the reasons why the stock market was up today was due to a weaker yen. The Yen has now slipped below the 50% retracement level. If you are bullish on the stock market, a weaker Yen is what you want to see.

I personally think the Yen will go back up, but so far that has not happened. I'll continue to play the stock market from both the long and short side. In my opinion I think both bulls and bears can make money right now as long as they are trading the correct groups.