The last trading day of an awful 1st quarter settled on a weak note, confirmed by stock index futures this morning. Heavy selling occurred during the last hour although breadth wasn’t that bad: 1769 stocks advanced compared to 2174 that settled down. Hedging activity increased in the option market and the ten day oscillator based on the advance/decline line is still overbought. It will be interesting to observe the stock’s behaviour of the big cap tech stocks over the next few days as they haven’t been beaten hard so far.