Stocks End Q1 Higher But Last Day Lower
The benchmark S&P 500 index currently has 4 distribution days while the Nasdaq composite and Dow Jones Industrial Average have 3, since the March 1, 2010 follow-though-day (FTD). Normally, it is considered healthy for the major averages to have less than 4 distribution days in a four week period. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to proactively be buying high quality breakouts meeting the investment system guidelines. Trade accordingly.