April Flowers

I believe that its likely we have already seen the lows for the current correction. Typically, after such a strong move lower we see some sort of a retest. However, next week is the turn of the month heading into the strongest month of the year. I believe the reason for April's strength is that its tax refund season and a lot of refunds finds their way into the market.

Given the calendar the bears don't have much time to get to work on a retest. We could see some weakness at some point through early next week but I doubt we will revisit the lows. I believe that weakness is a buying opportunity and that April will be a good month for investors. The Summer could prove to be more challenging.

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