The market continues to rise on the back of positive news surrounding Cyprus and ongoing budget talks in Congress. While many of the customary technical indicators may suggest the market is overbought, this market could continue to climb higher. As always, we caution follower/bloggers to be cautious.
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 (4/4) and unemployment and nonfarm payroll (4/5).
$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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