Wednesday, April 1, 2015

First Day Fizzle...04.01.15

So much for the first day of April as a bullish mover.  The chop continues and the odds for tomorrow being a red day are 70%.  Today's action was allegedly due to wild overnight action in the S&P futures with a massive selloff and a modest recovery.
But you get too bummed by today's action keep in mind that April is typically the strongest month of the year although (there's always a catch) that bull surge also typically occurs in the second half of the month.  Meanwhile the current trend is clearly negative.