Very tricky here- Market looks like it is forming a topping pattern but you can't help be reminded of the quarter end markup the fund managers will place-
This is a time to be patient
Monday, March 25, 2013
New Highs
Best chance for the S&P this week to reach it all times high this week or early April. End of month mark up will likely push the market up this week even with all the negative news coming out of Europe.
I have a couple longs on and they are from Names most won't know but this is what is happening on this leg up, we are establishing new leaders, which is a good bullish sign.
Nasdaq is looking really sloppy and in some way it looks like it is forming a huge H&S pattern so that will have be on the caution side when we hit the S&P highs.
Don't push anything here---------Remember 4 day trading week this week
I have a couple longs on and they are from Names most won't know but this is what is happening on this leg up, we are establishing new leaders, which is a good bullish sign.
Nasdaq is looking really sloppy and in some way it looks like it is forming a huge H&S pattern so that will have be on the caution side when we hit the S&P highs.
Don't push anything here---------Remember 4 day trading week this week
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