$tockMarketDirection still maintains a bullish posture. However, we have cautioned blogger/followers to monitor positions closely considering the recent pullback and volatility in the market. While we have seen multiple days of pullbacks we have recently seen a few days of bullishness. This bullishness is in part due to the easing concerns regarding the feds timeline for discontinuing stimulus.
This week will be interesting as there are several catalyst that could sway the market in either direction. In addition, this will be a short trading week due to the July 4th holiday. The market will be open for a half a day on Wednesday and close all day Thursday. All eyes will be on the payroll numbers to be released Friday.
Reports this week include: Nonfarm payroll and unemployment rates (7/5).
$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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