MONDAY can still be a lack luster day. Many investors take an extra day for the Easter holiday, and Tuesday begins the Earning Season. Cash has been leaving the equities for several weeks, and hedge funds appear to still be underweight in equities. Short response, the market has the makings for another run higher.
The Masters is a golf classic deep in the woods of Georgia and this year it was won by a guy named Bubba Watson. This too must be a sign!
Bubba wins, money on the sideline, funds need to correct holding allocations, and earnings can be a plus for a continued bull in April. PA is down to entry levels where new bulls can profit. PA to 1382-84 would test the recent bear 50CB level and should see a test. A strong showing this week gets money excited for next week.
More trouble stories from the Euro Zone has caused concern. Money is leaving Europe and coming to America. All these "negatives" actually play well for another bull favor.
DAILY BOTS: 1358.5 1383.75 1403.75
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