9:00am (EST)

“Another clue and possibly the final piece of the bear’s puzzle will be if they get a negative close on Monday.  The S&P has not closed down on back-to-back Friday’s and Monday’s all year.  The prior THURSDAY and Monday were down days and this past Friday was a loser.  If this Monday ends in a bear victory it could mean money is moving to the sidelines and our predication, or warning of a correction could be on the horizon.

We like to remember the old saying that stocks or the market often take the stairs higher but sometimes tend to take the elevator on the way back down.  If volatility picks up like we think it will and the market continues lower, we will be on track for another sweet week.”  (4/15/2012 Weekly Wrap/ Monday Morning Outlook)…

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