Market Direction: BULLISH Alert issued 11/23/2012
The market vacillated this Friday recovering most of its losses by the end of the trading day. So the market continues to demonstrate signs of mild strength due to concerns of the impending fiscal cliff. The Washington pundits continue to report little headway is being made in resolving the fiscal cliff issue.
We have recently issued a bullish ALERT. In spite of our bullish posture, we continue to caution that there are ongoing concerns regarding the impending financial cliff that may adversely impact the market. So please govern yourselves accordingly with respect to monitoring and/or hedging positions.
We have recently issued a bullish ALERT. In spite of our bullish posture, we continue to caution that there are ongoing concerns regarding the impending financial cliff that may adversely impact the market. So please govern yourselves accordingly with respect to monitoring and/or hedging positions.
Economic reports this week include: initial claims (12/6) and Non farm payroll and unemployment rates (12/7).
As previously indicated, $tockMarketDirection has initiated 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 bullish posture. Cha-ching.
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