Market Direction: BEARISH alert issued 04/18/2013
While the market finished up on Friday, the market pulled back significantly over this past week thus prompting a change in market posture. On April 18, we issued an ALERT advising that market posture has changed from bullish to bearish. The change in market direction seems to be caused by soft data both here and abroad.
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: Existing home sales (4/22), new home sales (4/23), Initial claims (4/25) and GDP (4/26).
$tockMarketDirection maintains a Bearish 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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