More Records Before the End of Q1?
- For the second trading day in a row, the market saw a mild decline on very low volume. So, there didn’t seem to be a lot of real selling pressure. With the last day of the quarter coming on Thursday, we could see the impact of “window dressing” push the market higher once again.
- We do need to point out, however, that some stocks are getting overbought. In fact, Micron (MU) is becoming extremely overbought. Therefore, it’s one that will be ripe for a pullback as we move into the early part of Q2 (even if it’s going to eventually rally more as we go through the year).
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