The rise in the market continues with the Dow setting highs not seen since 2007 and the S&P500 is approximately 1% off highs made in 2007. The continued climb for this past week was due in part to the better than expected job numbers which showed 236,000 jobs added. While many of the customary technical indicators may suggest the market is overbought, this market could continue to climb higher.
Blogger/followers are encouraged to monitor positions closely and to consider taking some profits off the table. Additionally, you are encouraged to monitor $tockMarketDirection for Alerts advising of a change in market posture.
Reports this week include: Retail sales (3/13) initial claims and PPI (3/14) and CPI (3/15).
Blogger/followers are encouraged to monitor positions closely and to consider taking some profits off the table. Additionally, you are encouraged to monitor $tockMarketDirection for Alerts advising of a change in market posture.
Reports this week include: Retail sales (3/13) initial claims and PPI (3/14) and CPI (3/15).
$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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