Market Comment

Stock Market has entered a short term corrective phase with the S.T. Trend Model going to Negative 4.

First strong support comes in at 1405 on the S&P 500. I do anticipate the market to work lower short term as most trend models have turned over and this usually indicates lower prices over the short term.

It will not come as much of a shock to me if the market ends out March on a negative tone as I think April is going to be a very strong month.

Intermediate and Long Term models remain Bullish!!

Have a Good Day!!