$tockMarketDirection still maintains a bullish posture. The indices were mixed on a couple of days this past week. However, overall we saw a continued move higher on the back of positive earnings announcements from several companies.
This week will be significant considering the items on the agenda. First, earnings will continue this coming week with several major companies announcing. These companies include Time Warner, Coach and Allstate to name a few. Second, the Feds will release notes on Wednesday from their meeting announcing their rate decision. The market will be looking at these intently. Lastly, the unemployment and non farm payroll numbers will be released on Friday. This will be very important as the market look to these as signs of an improving economy.
This week will be significant considering the items on the agenda. First, earnings will continue this coming week with several major companies announcing. These companies include Time Warner, Coach and Allstate to name a few. Second, the Feds will release notes on Wednesday from their meeting announcing their rate decision. The market will be looking at these intently. Lastly, the unemployment and non farm payroll numbers will be released on Friday. This will be very important as the market look to these as signs of an improving economy.
Reports this week include: pending home sales (7/29), FOMC rate decision (7/29), unemployment rate and non farm payroll (8/1).
$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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