|After pushing higher for four weeks, the Nasdaq has begun to consolidate near the February highs. This would appear to be a normal reaction as market participants take some profits off the table. A 3% to 5% decline from the current price level is not out of the question and would put this index right back to where it started at the beginning of the year.|
News headlines from the instability in Iraq and the Ukraine may well give the market an excuse to trade down from here. How far down the market trades and how much volume comes into the market may give a clue as to how healthy the U.S. stock market truly is. Watch the reaction as the market digests the geopolitical risks occurring outside of the United States.