Sunday, December 30, 2012

Market Direction Week of December 30, 2012


Market Direction: BULLISH alert issued 11/23/2012

The market continues to pull back amidst concerns of the fiscal cliff. Members of congress are in Washington with the formidable task of voting and approving a stop-gap measure until a more comprehensive resolution can be decided after the first of the year.

Blogger/followers should be aware a recent ALERT was sent out advising that it may be prudent to lock in some profits.

Economic reports this week include: Initial claims (1/3) and non-farm payroll and unemployment rate(1/4).

$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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