Mixed but Weak Day for Stocks

The Dow Jones Industrial Average finished with marginal gains today. You would have thought the rest of the market was close to unchanged as well. Not the case! Most of the other major averages were down at least 1%, and once again market breadth was weak! At the moment, day traders can definitely make money on the short side! Follow the weak stocks and look for good set ups or major breakouts!

The chart of SNDA below is a good example of an opening range breakout that resulted in an all day trending move.



Scott Cole
www.bestdaytradingstocks.com