- New Trades -

Editor's Note:

(March 30, 2014)

I am not adding any new trades tonight. The S&P 500 and the Dow Industrials have held up reasonably well but the NASDAQ and the small cap Russell 2000 both look poised for more weakness.

Seasonally the calendar says stocks should be strong in April but market internals still suggest caution with fewer new highs and fewer stocks above their 50-dma.

That doesn't mean there are not opportunities. We are adding three new candidates to the watch list tonight (AGU, CAT, and WDC). We just need to see some follow through higher.

I am suggesting caution when it comes to new trades. We have a busy week of economic data releases and the monthly jobs report can always be a market mover.