Dow 15,000, Dow 13,700 and Fox Business

I am going to be on Fox Business’ Markets Now at 1pm today discussing the abysmal jobs report on Friday, the stock market’s rather muted reaction and what lies ahead this quarter. 

There are a few scenarios which can play out from here and I will lay them out in detail this week in Street$marts, which I hope to work on in a few days. In short, my upside max of Dow 15,000 and downside of 13,700 remain the same. If you are or want to be bullish, the better and healthier path is sideways or down first and then an explosion to the upside later this quarter or over the summer.

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Bulls Hanging On…

Here is yesterday’s segment from CNBC’s Closing Bell. http://www.investfortomorrow.com/InMedia.asp

We have month and quarter end on Thursday so I would discount any unusual action until the new month begins next week. The bulls are hanging in, trying to push the S&P 500 to an all time high and I think that should be seen since it’s only a few points away here. But my comments from the other day still hold. I see the Dow’s potential upside as 15,100 and the downside as 13,700. There are enough cracks to warrant action, but not enough to worry about the bull market ending.

So far, 2013 looks a lot like how 2012 and 2011 began. And for those who remember, this has the look and feel of 1987 for different reasons although I am definitely NOT calling for a crash!

Enjoy the holiday shortened week for those of us who have it off! I think Good Friday is the only day where Wall Street is closed but not much else is.

Again, Happy Passover and Easter for those who observe those holidays!

Paul

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