March 2012 Review, April Preview

Well, that is the end of Quarter One, 2012, just like that. We started the year coming out of a bullish Santa Claus Rally, we got the first five days of January to finish up and the January Barometer also closed up. Valentine’s Day was a little funky but closed up nonetheless and we closed out Quarter One way above the December Low – all signs that point to a potentially bullish year.

This has been a historic quarter with the S&P 500 ending its best first quarter in over a decade, the NASDAQ at its highest since 2000 and the DOW sealing its best first-quarter point gain in its history.

For the quarter, the DOW gained 8.1%, it’s biggest first-quarter gain since 1998 and leaves it sitting at its highest level since 2008. Thirteen straight weeks of bullish candles and 7 straight weeks of gains gave Nasdaq its best first quarter since 1991 and its highest point since 2000. Nasdaq rose a whopping 19% since New Year’s Day. S&P 500 advanced 12% for the quarter and is sitting at its highest levels since 2008. This is the biggest first-quarter gain since 1998.

On the economic front, America continues to show signs of an improving and recovering economy with upside economic data and numbers that suggest expansions in production and manufacturing and decline in unemployment and inflation.

There is, however, one worrying point …

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