Market Direction: BULLISH alert issued 11/23/2012
We continue to climb on the back of positive news regarding the economy. While we advocate the trend is your friend, we caution that the market is at very lofty levels and may be poised for a slight to modest pull back in the near future. So we encourage blogger/followers to monitor positions closely and suggest you consider taking some profits off the table.
Reports this week include: treasury budget announcement (2/12), retail sales (2/13) and Initial Claims (2/14).
Reports this week include: treasury budget announcement (2/12), retail sales (2/13) and Initial Claims (2/14).
$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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