Good Morning March 30, 2012

Good morning to the last day of this first quarter of 2012.

Today will probably see some selling off of stocks for the profits gained in 2012 so far.

Don't worry that is not a bad thing. In fact I would recommend everyone to take and lock in profits at some time.  It is really the only way to make money on stocks.

Don't fret about seeing the stock rise even after you sell. You have just allowed someone else to make a little profit. 

But I admit it does feel good if you sell at the top, and watch the price fall.

Then of course you can often make plans to buy in a stock later.

This afternoon may see some good opportunities for buying in some stocks that have been sold off this week.

Keep an eye out for that and look to buy if you feel there are some bargains to be had.

Prediction for the week Ending 30th March 2012

This week is a nice week to end the first quarter of 2012.

Because it has a clear cut ending there is little vaguery as to what the effects of the second quarter will be.

My theory is that all the major players in Wall Street will aim  to lock in as many profits as possible this week.

So the bull run on the market willl continue Monday and Tuesday.

Wednesday March 28 to the close of business on Friday will see some downward pressure on the markets as institutions seek to close positions and pull in profits.

Look for major sectors that improved dramatically to fall in this last week of the quarter. Sectors such as Financials,

There will of course be lots of reasons given as to why the market will fall, from Europe, through housing concerns, consumer confidence to threat of war with Iran.

Most of these reasons may be made to sound plausible, but over thirty years of experience I have seen this scenario many times.

It happens far too often to be pure chance. It must just be institutional profit taking.

Be prepared to follow the roller coaster down a little, it can be a good buying opportunity in late Friday trading as some bargains may be had.

Monday April 2, 2012 will see some recovery as the climb through a slow second quarter will begin.