On the weekend update, my thought was that the Friday low would hold this week. Monday already eliminated that view and I think that is important. It has been my long term view for weeks, that the market needs to “mark time” and that risk is to the downside for the first half of the year at a minimum. We are seeing the latter, and my short term view for this week was wrong. March won’t be kind to markets going forward now. If the SPY gets back into the low 590’s this week, it is a chance to resell. AAPL failed Monday and what looked promising now looks ominous there as well for the next few weeks. I think we are in for a rough ride across the board now in March. 

Thanks,

Joe

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