Market Direction: BULLISH alert issued 11/23/2012
The market demonstrated a modest pullback this past week with the last trading day of the week reflecting declines in all indices. Friday the Dow ended down in excess of 120 points, the Nasdaq down in excess of 29 points and the S&P 500 down in excess of 13 points. Still the same old news regarding the fiscal cliff issue. No resolution exists and the issue will not likely be remedied until after the New Year.
Blogger/followers should be aware a recent ALERT was sent out advising that it may be prudent to lock in some profits. This trading week will likely demonstrate less than average volume due to the holidays and shortened trading week. The market will be open a half a day on Christmas Eve and will be closed on Christmas.
Economic reports this week include: Initial cliaims, new homes and consumer confidence (12/27).
Blogger/followers should be aware a recent ALERT was sent out advising that it may be prudent to lock in some profits. This trading week will likely demonstrate less than average volume due to the holidays and shortened trading week. The market will be open a half a day on Christmas Eve and will be closed on Christmas.
Economic reports this week include: Initial cliaims, new homes and consumer confidence (12/27).
$tockMarketDirection maintains a Bullish Posture. We strongly encourage our many bloggers/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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