On to the current market, it remains a choppy environment. After a four-week pullback from mid-February to mid-March (bottoming as fears of Japan’s nuclear troubles reached a fever pitch), the market spiked back toward its bull market highs (and some smaller-cap indexes actually ripped to new peaks). Many leaders took flight. It looked like the bull run was ready to resume. But the action of the past week has thrown some cold water on that idea; many indexes are back to, or slightly below, their key 50-day moving averages, and more than a few leaders have given up a...
