Joined Nov 11, 2007
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Market Update

U.S. markets fought off negativity at the open to be up marginally by lunch time.

The S&P has managed to hit intra day all time highs; bulls wait for closing confirmation.

It is the last day of the quarter so some selling into strength is expected.

Interesting note here is that we have never had a down year when Q1 produces 8% or more.

Still one has to wonder why we rally two days before the Cyprus event and such a meager rally on the day we find out things are not so crazy or troublesome as Cyprus reopens banks.

Currently the DOW is up 23 points, S&P is up 2.3, NASDAQ up 1.6, WTI is flat, and metals across the board are down.

Market update

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