Market Direction: BULLISH alert issued 08/09/2012
The market continued to rise after the long awaited stimulus was delivered by the Federal Reserves to the tune of 40 billion dollars being infused into the economy each month. The S&P 500 saw a new 5 year high. Additionally, the Nasdaq reached a new 12 year high. Analysts are predicting that economic news will continue to be positive in certain areas with primary emphasis on the housing market. While many analysts expect positive economic data over the the next few months, the markets will also be impacted by the continued efforts in Europe regarding the Euro.
Economic reports this week include: Housing starts, existing home sales, building permits (9/17) and Initial Claims (9/20).
Economic reports this week include: Housing starts, existing home sales, building permits (9/17) and Initial Claims (9/20).
$tockMarketDirection maintains a Bullish Posture. We encourage followers to monitor positions closely, exercise proper money management strategies and to monitor $tockMarketDirection for ALERTS that we may issue advising of a change in our current bearish posture. Cha-ching.
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