april3

Yesterday the market did a pretty good job of digesting the gains from the large moves that occurred on Wednesday. There was not a whole lot of action, though the general trend was lower. The NASDAQ lost 1.35 points to 2361.4, the S&P500 was off 2.65 points to 1367.53 while the Dow Jones Industrials lost 45.36 points and closed at 12,609. Volume was light across the board, which is what you want to see in an uptrend. The ideal pattern is up days on heavier volume and down days on lighter volume. So long as we see this I will stay cautiously optimistic about the market going forward.