Market Direction: BULLISH alert issued 11/23/2012
The market continues to demonstrate a bullish bias and has continued to climb after resolution of the fiscal cliff issue. As previously mentioned, the next major concern on the horizon is the debt ceiling issue, which will likely culminate in late February or early March. In the interim, the market pulse and direction is likely to be predicated on earnings. Several financial companies will be announcing earnings, which may influence the market in the short term. Additionally, the VIX has been flirting with extreme lows, which may also indicate a pullback in the near future. However, bloggers/followers are encouraged to monitor $tockMarketDirection.com for ALERTS that may be issued advising of a change in market direction.
Economic reports this week include: existing home sales (1/22), initial claims (1/24) and new home sales (1/25).
Economic reports this week include: existing home sales (1/22), initial claims (1/24) and new home 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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