Monday, June 21, 2010
The Intra-day Volatility of the Euro Wreaks Havoc on the Market
Right now all that matters is what the Euro does. Regardless of any good or bad news, once the market opens, it takes it cue from the Euro. The good thing, the Euro on a daily chart looks like it wants to head towards its 50DMA. That should bode well for the US stock market. So even though hour to hour the market is gyrating, keep an eye on the Euro's daily chart. That will keep you from panicking.