Today's Market Commentary

Index congestion due to continue during break

 


Friday's trading saw very little action in the way of a resolution to the current trading problems. The problem that we now face is that we are heading into a shortened week because of the holiday and that resolution will have to be delayed again.


The only big economic release that is going to happen this week is the Employment Situation Report. This report is due to come out this Friday, which is a a market holiday, Good Friday, and that could lead to and interesting Thursday of trading. This release will also mean that the battle between the bulls and bears will have to wait until the following Monday.


Of all the major indexes, the weakest seems to be the Russell 2000, which is currently trading at 678.97. There is support for both the Nasdaq 100 and the S&P 500 according to their 10-day moving averages