Stock Trader's Almanac sways April is prone to weakness for the several days after the Income Tax deadline. That would be Monday, so on paper seems the odds of continued weakness are decent. Hirsh also says that the market runs up in advance of good first quarter earnings, so yet another tradition that does not bode well for the rest of the month.
wrong again on this bull may have legs although this bear may have legs still not always right nowadays.
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Mr. Market generally does not like to set a low on Friday.
Maybe some event over the weekend will upset that but could be looking at lower lows next week.
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well, guess that's it for today. Monday after the Good Friday holiday favors bears a little little bit. thank you guys, I'll see you in another thread soon.
please don't forget our weekly sentiment poll which will be posted right after the close.
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Fed members have had a clear message, big market drop is not a problem to them anymore.They are sure lining up to get what they asked for. This has to count as ugly technical damage. Going to need a big bounce on Monday, which hiostorically is unlikely. Setting up to retest year to date low for sure.
I'm going to cook a big chunk of lamb outside on my grill this weekend, hope you all have fun also.
Trades with cats wrote:Fed members have had a clear message, big market drop is not a problem to them anymore.They are sure lining up to get what they asked for. This has to count as ugly technical damage. Going to need a big bounce on Monday, which hiostorically is unlikely. Setting up to retest year to date low for sure.
I'm going to cook a big chunk of lamb outside on my grill this weekend, hope you all have fun also.
Hey, how come I'm not invited?
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Cobra da, you are the Host. You are ALWAYS invited.
Very difficult week. GLTA.
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