Market Direction Week of May 26, 2013

Market Direction: BULLISH alert issued 04/25/2013

This past week was the first down week for the indices in 4 weeks. There were several factors contributing to the pullback. The Feds provided information suggesting they are considering tapering over the next several months. Additionally, there are concerns over a weakening economy abroad as a result of the Nikkei experiencing a major drop and China releasing weak manufacturing data. A slew of companies are releasing earnings this coming week and this could impact the market further to the downside or provide the spark to continue its bullish run.

Reports this week include: Consumer confidence (5/28), Initial Claims, GDP estimates, pending home sales (5/30) and personal income (5/31).

We here at $tockMarketDirection would like to express our sincere appreciation and extol the virtuous honor to those many men and women throughout history who have given the ultimate sacrifice in defense of our great country and to those who continue to serve in the United States Military today. Many have willingly embraced the bondage of a grave so that many more could enjoy the liberties afforded in our great nation. We give these brave men and women both deceased and alive a heartfelt salute!

$tockMarketDirection is in 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 bullish posture. Cha-ching.