Market Comment 03 30 10

The market has gone up steadily since early February. The strong sectors have included the industrials and consumer discretionary stocks. I expect these areas to continue to outperform the market. Consumer spending is beginning to come back. The industrials are lean and ready to deliver some real earnings.

While I am optimistic going forward about the prospects of an improving economy, the market is beginning to look a little tired right here. The S&P 500 has been going sideways for the last week and a half. I would not be surprised if the market either pauses here or even declines a little short term. We'll have to wait and see.

Click the Chart below for my analysis of the S&P 500 recent action.