Wall Street Buy Programs

With the Fed in the rearview mirror, the Wall Street buy programs came in and sent traders scrambling (me included) to get long the market. It also didn't hurt that we just have a few days left of the first quarter. Two words - window dressing!

Tech stocks were particularly strong and the buying was broad-based. Even the bears seemed to find lots to like out there with big moves seen in precious metals. When all was said and done, it was a very good day for the bulls. Congrats to all of those positioned well ahead of today's move. Given what I saw out there in the final trading hour, I think you were the minority.

With my overnight exposure, I'm positioned to benefit from a follow-up extension tomorrow so let's hope the buy programs keep pushing us higher. I know given the lackluster quarter I've had, I accept any and all gifts, no matter whether I think they're reasonable or logical.

Have a great evening and I'll see you in the A.M.