8am EST This week will have two major events to watch. The first is the new month and the new quarter. Portfolio managers will have all the portfolio window dressing finished and they will be into the new quarter. This will show how they really feel about the market. Look for some larger volumes over the next couple of days as money flows out of the "sexy" stocks into the stocks which will lead the next quarter.
The other event to watch is the jobs report coming Thursday. While jobs are truly a lagging indicator, the report is always a market moving event. It will be interesting to see if the unemployment rate gets officially into double digits. Either way, the bottom line is that the news is something to watch.
While I will probably be mostly in cash today, I will be looking to put on some more positions later in the week. We will see the general direction either stay on the bullish path it has been on or we will see it turn by the end of the week. Stay tuned and until next time, stay low risk..
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