$tockMarketDirection still maintains a bullish posture. The market continues to move higher as earnings announcements were mostly positive last week. Additionally, the FOMC minutes indicated the feds would not be eliminating stimulus soon.This past week, the market finished with green across the board. Earnings announcements continue this week with several major companies reporting. These companies include GE, Google, IBM, Microsoft, Goldman Sachs, and Johnson & Johnson to name a few.
Reports this week include: retail sales (7/15), CPI (7/16), housing starts (7/17) and initial claims (7/18).
$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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