Welcome to March!
Statistically over the past decade March has seen the market decline in the first half of the month, will we see some weakness come through?
Looking at a weekly chart you can now see some very clear divergence between the S&P and the Russell. This past week puts in a big red reversal candle on the small caps.
We have the iPad3 coming out soon so expect to see line ups of Apple fans peeing in their pants to be the first to get the new and better iPad!
I cant help but feel that this might be a "sell the news" event for AAPL, its worth watching closely. As AAPL goes, so does the QQQ.
Also front and center on your screens should be the US dollar which has staged a nice little rally over the past few sessions:
On the economic front:
THE STOCK MARKET THREAD : NEW GUIDELINES
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