Market Direction: BULLISH alert issued 11/23/2012
Since $tockMarketDirection issued the current bullish ALERT, each of the indices have seen gains and are in the green. However, the market continues to climb amid a wall of worry as concerns regarding the impending financial cliff continue to dominate the market.
This is particularly true considering reports that as time goes on, the players in Washington seem to be moving farther apart and consensus seems less likely. That is why it is imperative that blogger/followers monitor positions closely as well as monitor the site for any ALERTS we may issue advising of a change in posture.
Economic reports this week include: FOMC rate decision (12/12) and initial claims and retail sales (12/13).
This is particularly true considering reports that as time goes on, the players in Washington seem to be moving farther apart and consensus seems less likely. That is why it is imperative that blogger/followers monitor positions closely as well as monitor the site for any ALERTS we may issue advising of a change in posture.
Economic reports this week include: FOMC rate decision (12/12) and initial claims and retail sales (12/13).
$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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