Sunday, July 21, 2013

Market Direction Week of July 21, 2013

Market Direction: BULLISH alert issued 04/25/2013

$tockMarketDirection still maintains a bullish posture.  The market did extremely well this past week with the market posting its best monthly return since January. It appears this bullishness will likely continue. The current fuel for the market are earnings announcements, which have been mostly good.

Many eyes will be on Apple, which announces Tuesday. However, there are several key announcements this week to include Boeing, McDonald's, and UPS just to name a few. There results will likely influence market direction.

Reports this week include: existing home sales (7/22) and new home sales (7/24).

$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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