Tuesday, April 03, 2007

NASDAQ



Yesterday I pointed out that the NASDAQ had two consecutive inside days and that we should be on alert for a trending move today, well that's exactly what we got.

On the open the NASDAQ traded above the high from the inside day which is where I would have been buying if I was trading today. The NASDAQ had a nice sharp rally going into 11:00. After that initial move, the market looked kinda quiet to me.

I think we'll see sideways trading tomorrow and Thursday as I expect the volume in the market to remain thin. I plan on doing very little trading for the remainder of the week.

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