Market Direction: BULLISH Alert issued 11/23/2012
The market was slightly down this past Friday as it took a breather from the multiple weeks of gains it has made over the last several weeks.
We maintain a bullish posture. However, we caution that there are ongoing concerns regarding the impending budget negotiations that may adversely impact the market. Moreover, the Feds will announce a rate decision this week as well. So please govern yourselves accordingly with respect to monitoring and/or hedging positions.
We maintain a bullish posture. However, we caution that there are ongoing concerns regarding the impending budget negotiations that may adversely impact the market. Moreover, the Feds will announce a rate decision this week as well. So please govern yourselves accordingly with respect to monitoring and/or hedging positions.
Economic reports this week include: FOMC rate decision (3/20) and Initial claims and existing home sales.
As previously indicated, $tockMarketDirection has initiated a Bullish Posture. We encourage 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 bullish posture. Cha-ching.
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