BALTIMORE ( Stockpickr) -- New month, new market . . . Or at least that's the theme that stocks have been playing since the calendar ticked over to 2012. Now that we've hit the first full trading week of March, can the rally continue?
By and large, all of the key fundamentals -- from employment to corporate earnings -- still look the same. At this point, it's the extraneous market factors (such as Europe's debt crisis and the price of oil) that are posing the most risk to Mr. Market in March. As the broad market consolidates right around newfound support at 1365 in the S&P 500 and 13,000 in the Dow, we'll need to see some sort of positive catalyst to start equities on the next leg of their rally.
Even though it's unlikely we'll see that today, there's a good chance that the spark could come later this week.