Well that was a heck of a first quarter we had!! We had one of the biggest runs in history for the first quarter for the market. As I been repeatingly telling you guys nonstop since December this is the type of action you see once every so often and so you have to take advantage of it. These are the times where you double up and triple up your accounts very quickly as this cant last forever. If your not making those type of gains or gains that you are happy with you need to get with me (firstname.lastname@example.org ) or someone in the chatroom that is having success and really change your method and aggressively try to improve and do it quickly.
Market index performance 1st quarter
Nasdaq Comp: +18.67%
Russell 2000: +12.06%
S&P 500: +12%
Last week performance
S&P 500: +0.81%
Nasdaq Comp: +0.77%
Russell 2000: +0.03%
We have a 4 day week (good friday) this week which tends to make things a bit tricky. Volume might die off by wednesday as people pack it in early for vacay. The first quarter was so huge for so many traders/managers with the Nasdaq up 20% many of the great traders/managers are going to be up multiples of that…I wouldnt be surprised to see people book out and celebrate the 1st quarter with an early weekend. This can lead to some whipsaws in the market as the liquidity dries up a bit so we’ll need to be careful of that.
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