Market Direction: BULLISH alert issued 11/23/2012
The market continued to climb higher last week with the S&P 500 posting a new 5 year high. Some of the bullishness has to do with the encouraging data related to housing. This week, the market drivers will likely be earnings. However, followers are encouraged to monitor positions closely as the debt ceiling issue/debate is still looming on the horizon and has the potential to significantly impact the market.
Economic reports this week include: existing home sales (1/22), Initial claims (1/24) and new homes sales (1/25).
Economic reports this week include: existing home sales (1/22), Initial claims (1/24) and new homes sales (1/25).
$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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