Market Direction: BULLISH alert issued 11/23/2012
The market continues to climb higher in spite of looming concerns regarding an impending sequestration. Much of the continue move up was due to better than expected data that overshadowed the sequestration concerns. It is no telling where we head next week, but blogger/followers are cautioned to exercise due diligence in monitoring positions.
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: initial claims (3/7), non farm payroll and unemployment (3/8).
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: initial claims (3/7), non farm payroll and unemployment (3/8).
$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.
No comments:
Post a Comment