Sunday, April 01, 2007

NASDAQ Technical Picture - Q1 Ends on Indecisive Note

We did not have the usual quarter-end window dressing and we ended on an indecisive note. If we look back over the month of March, we only had two really bullish sessions: the rally off of the pivot low and the response to the last FOMC meeting. Conclusion - if we don't see some big money coming into the market in the first few days of April, it's only a matter of time before the bears take back control.

Economic Calendar: ISM Index at 10:00

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