Market Direction: BULLISH alert issued 04/25/2013
The market continues to rise venturing into uncharted waters. This past week capped 4 straight weeks of gains in the market. This upward climb continues despite some negative economic data being released last week. While there is continued chattering in the market about a technical correction, there is no telling when such an event will occur. $tockMarketDirection encourages blogger/followers to monitor the site for ALERTS we may issue advising of a change in posture.
Reports this week include: Existing home sales, Bernanke testimony, FOMC minutes (5/22) and Initial Claims and New Homes Sales (5/23).
$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.
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