As we begin the final trading day of the week, there seems to be more confusion than resolution, more questions than answers on a number of fronts, but especially the banking debacle. 

Regarding the Fed’s decision today, it’s not so much what the central bank may do, but what they will say. The wording of their statement could be quite important for the market… 

I mentioned the other day how more often than not, March tends to produce a pivotal market action and these movements seem to occur around the 10th of the month. 

It has been said that the stock market behaves today what it sees on the 6-month horizon. But can that same timeline be applied to market sentiment? 

Happy St. Patrick’s Day! There seems to be an overwhelming consensus view that the stock market will break below its October lows. I’m not so sure that will happen because… 

Often before a significant market correction is completed, we find that the market’s leadership stalwarts come under pressure and are taken to the shed, and yesterday we saw that in a number of the traditional cyclical categories. 

The stock market grappling with the latest headline declines among the financials. This morning the news focused on Credit Suisse and this is keeping fear at elevated levels. 

The market holding up relatively well in my estimation, especially considering there was quite a bit of fear mongering over the weekend and right up to and through yesterday’s opening bell. 

It seems that more often than not, March delivers some sort of an expansive swing — a dramatic trading move that more often than not can prove to be pivotal.