Expect a down day Monday and a down week.
- Hong Kong stock market is down sharply aleady Monday morning
- Obama's healthcare bill looks like it is going to pass. This is bad news for the stock market and bad for the economy (and bad for hard-working Americans who will now have to pay for other's heathcare!)
- For techincal reasons alone, the DOW, recently on a 7-day winning streak, is due for a strong pullback. Same goes for the NASDAQ. The market is overbought!
- April has traditionally been a negative month for the stock market, historically speaking.
For the week of March 22nd to March 26th its wise to short this market.
-Sharp
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