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It was a slow, mixed day for stocks, but they mostly trended higher after a slightly negative open. The Dow lost 79-points while the broader S&P 500 was flat, and the Nasdaq gained 0.25%. Small caps were off modestly, as were the Transports, but both held onto most of Monday's gains and it was just a day of rest for the bulls.

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Stocks rallied out of the gate on Monday, holding onto the those Sunday night futures' gains. The Dow gained 330-points and we saw 1% plus gains almost across the board. It was the first day after the big first quarter and some follow-through may not be a big surprise on a Monday, but as we talked about yesterday, a new month (usually within the first 1 - 3 days) can trigger reversals from a major move in the prior month. We'll see.

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Stocks rallied to end the month of March on Friday, and it put an exclamation point on a great first quarter for stocks. The Dow gained 211-points and the gains also pushed the S&P 500 just north of that long-term resistance area that we have been watching. Bond yields were up giving stocks a bonus catalyst, and there was some positive talk on the China trade Front.

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Stocks prices moved directionless through the week until sellers stepped aside mid-Thursday to the close on Friday resulting in more than 1% gains for U.S. stocks. The bears failed to gain any real momentum when the opportunity presented itself. Dip buyers were at work this week shutting down any pull-back keeping prices afloat. Stocks finished the week at their highs with some credit given to more news of progress on trade deals with China.

The upside momentum slowed down in March ...

Bond yields were mostly higher yesterday, as were stocks. Thanks. Have a great weekend!

That's all we need to know right ...