The market finished 0.3% lower last week after going no where for the majority of the week. However, the market finished the month 5.5% higher. Last time we saw a monthly gain this high was in October 2011. This month we finally saw a stabilization in oil prices as they broke their weekly loosing streak.
The markets were strong last week breaking through resistance lines and creating new highs. We saw the same pattern in the S&P 500, Russell 2000, and the Nasdaq which is a strong confirmation of the bullish move. Volatility has been confirming the move as it continues to drop, now resting in the mid-14s. Volatility is