By Investor’s Yak
- Proceed with caution; the market appears to be struggling to get ahead. Instead of busting through to new high prices, the NASDAQ, S&P500, and Dow Jones Industrial Average each took a beating last week.
- However, the week ahead may advance if the typical end of month window dressing ensues. Window dressing occurs when big institutions prop up the stocks in their portfolios just in time to close their monthly books. This week will also mark the end of the 1st quarter and thereby reinforce window dressing strength.
- Technical Analysis observations suggest the following strongest and weakest Industries:
Daily charts for the upcoming week indicate Medical, Transportation, and Financials should generally perform the best. But the longer term outlook weekly charts show Financials and Transportation stocks may be in for a struggle. And Home Builders are poised for a possible move in the future. See Price Characteristics for more information.
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