While the market is trending down as expected, it must be kept in mind that Tuesday, March 31 marks the end of the quarter with financial institutions interested in keeping stocks high at month end. I will be tightening up stops at about 2:50 PM EST in case the bulls make a large rally and take away most of the day's gains. You can get back in at the 3:50 PM before the market closes if stopped out.
Because of the quarter end, I expect the bulls to make a good showing tomorrow, though the market will likely go sideways and rallys will be sold. I expect the market to drop precipitously on Wednesday, April 1 when the new quarter begins when not hindered by quarter end influences.
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