Market Direction: BULLISH alert issued 11/23/2012
Although the market continues to climb, the major indices hovered in a tight range this past week. The market is trading at critical levels that could portend an impending decline. Again, we reiterate the trend is your friend and advocate the importance of staying in gear with the tape. However, we will be watching the market closely and digesting market influences, which may result in a change in market posture. Blogger/followers are encouraged to monitor positions closely and to consider taking some profits off the table.
Reports this week include: Housing starts, PPI, FOMC minutes (2/20) and initial claims, CPI and existing home sales (2/21).
Reports this week include: Housing starts, PPI, FOMC minutes (2/20) and initial claims, CPI and existing home sales (2/21).
$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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