What the Trader Is Expecting in the Coming Week: Shaking Off The Blues

It was a week loaded with drama. April expiration is behind us, earnings season has begun, the Dow Jones Industrial Average (DJIA) surpassed the 11,000 mark, and the Securities and Exchange Commission (SEC) charged Goldman Sachs Group (GS) with fraud related to the structuring and marketing of collateralized debt obligations (CDOs), sending the market spiraling lower. For what it's worth, the fraud charges came out on the heels of an April 12 BusinessWeek cover story about Goldman Sachs entitled, It Wasn't Our Fault. Really. On Monday, we begin a new expiration cycle, and May expiration lingers five weeks away. Since 2006, the first week of a five-week expiration cycle has had a historical tendency to coincide with market weakness.