This March has been certainly like a march in the markets. It went relentlessly higher with such sure footing that one wondered if it would ever look back? I actually felt like a total fool for thinking it would have to correct. I tend to compare things to nature which I'm sure is no surprise to my readers, but I too began to think nature can be fooled to think what goes up keeps on going up up up. Never mind the cracks from the stress, we can all survive given the right amount of artificial or real bliss. All we have to do is believe.
There is my wry sense of humor, again. Sometimes I point out the obvious, sometimes the obscure, but lately I just let it roll; why bother, we're all savvy traders aren't we? And yet...
from the corner of my mind I feel I have some light to shed onto the stage of this "theatre of the absurd". Blogs, market, blips, tweets, combine into more complex thoughts all to be translated into type for a hoped for good article or two.
So March is over and we are dancing with the bulls who have managed to knock out at least one bear or two. More optimism fills the stream, upgrades, valuations, all point to more positive upside so it matters not how the month of March arrived, it matters more how it ended and how much longer we shall by choice or design continue on this route.
I, myself, prefer the positive side, yet compelled to continue the warning call. It's a dilemma in my nature to keep a bit wary of the good times. History of life, or blame this need for balance on Libra rising in my sign. So I shall tell you to keep on roads that have more alternatives for an exit. In other words keep off the highway and take the byway you'll be happier for it in the long run and get a better view of the landscape.
Happy Trading, Living and Dancing
The Daily Pick - NDX
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