an tSionna {04.10.14}

Market has spent the winter months just churning about.  Hard to tell at this point if it's just digesting the gains from 2013's fourth quarter or if this is the prelude to something else.  I do know that the market has behaved differently January-March this year than it has at any time since 2009.  In the years 2010-13 the markets posted nice positive gains in their respective first quarters, although in each of those years but 2013, stocks gave back all or nearly all their gains at some point during the year.  I don't know how this translates for the rest of the year.  I do know we are seeing a pattern shift in how stocks have traded since the 2009 lows.

Chart comes to us from Stockcharts.com.

*Long ETFs related to the S&P 500 in client and personal accounts.