Tuesday Outlook: A Fresh Start

Okay, the end-of-quarter paint job is done. The period ends with a light volume rally on the last day with indexes losing 7-14% for the quarter.

Now what?

Indexes will be pushed about this week by economic data ending with Friday’s unemployment report and amid fresh earnings reports.

The highlight Monday was the drop in oil prices caused by an easing in Iraqi tensions [the Iranians et al know how to push crude prices, eh?] and technical issues with futures contracts. The drop caused precious metals and commodity prices in general to decline sharply. Some asserted this was also due to dollar strength which frankly is ludicrous.

Volume was good on the NYSE but very low on the NASDAQ while breadth was just okay.







































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