April is prone to weakness in the market after the April 15th tax deadline. April of 1999, however, was the first month the Dow ever gained 1000 points.:)
Rosetta Stone IPO jumped 40% on it's opening, a good sign for the market, and Friday the market struggled again at resistance lines before falling. Right now the rally is still missing some key ingredients:
-Sentiment is up, but without foundation
-The S&P500 is above its 50 day moving average; however, the 200 day moving average is still falling. These need to be both be rising.
For a healthy market we must break the upside, which right now is in classic flatlining, hitting top resistance lines. It's a flip of the coin as to what news will trigger another trigger point to new Dow projection highs noted below, or negative earnings will trigger a healthy sell off. With such flat lining, and last minute run ups or sell offs in 3 p.m. trading, there is more of a strong option string to the downside.
"Follow the course opposite to custom and you will almost always do well"-J Rosseau
Over the next few days I'll be sharing something I work with clients on in our Floydian Therapy work. This article is called The Circle of Pain, and is available in entirety on our website. Excerpts from the article will run in the alert this week:
The Circle of Pain
The Circle of Pain begins when we let it in, when we create it. It’s insidious, and it is not with us at our birth.
It happens to all of us. A situation occurs, and there is drama within it.
Other people are usually involved, or it is an event that affects you.
How you deal with this defines everything. If the situation you handle, and apply calm to whatever the outcome, there is peace. This means if you are “dealing with it,” not ignoring it, you can gain peace by acceptance. If the situation involves others, the drama multiplies, and it is harder to find the calm.
Take it to the next level. Now it is a family, a marriage, coworkers, or anyone interacting. Something occurs, and it requires a response.
The response depends upon your emotions, how you feel about the event, and has little real reason behind it, because you are emotionally dealing with the drama. If you are one that believes in black and white, and that “white must win,” or one that uses only facts and logic to ascertain a solution, it’s even worse.
Because…emotions are at work. Your emotions -- how you interpret, and those that you are involved with.
At this point a circle is entered. It is effectively a circle of communication, or of miscommunication, and it typically has anger, greed, fear, and pain within it.
Pick any situation that is an issue, and right now review if it does not have these attributes. It will.
more....at.....http://www.oexoptions.com/FloydTherapy/CircleOfPain.pdf
If you are interested in learning more about Floydian Therapy:
Write me at: floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
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