This past week, the market again looked to the Feds for clarity on when they would start tapering. The response from the Feds left more questions than answers. Economic data has been mixed and has contributed to the confusion since the Feds have previously stated they would consider the state of the economy in their decision.
$tockMarketDirection still maintains a bullish posture. The market could breakout in either direction since there are a myriad of factors that could jolt the market one way or the other. As always, we encourage blogger/followers to monitor $tockMarketDirection for ALERTS advising of a change in market direction.
$tockMarketDirection still maintains a bullish posture. The market could breakout in either direction since there are a myriad of factors that could jolt the market one way or the other. As always, we encourage blogger/followers to monitor $tockMarketDirection for ALERTS advising of a change in market direction.
Reports this week include: Durable Orders (8/26), Consumer Confidence (8/27), Initial Claims, GDP estimates (8/29) and Personal Income and Personal Spending (8/30).
Some of the major earnings announcements on deck include: Movado, Tiffany & Co., Sanderson Farms, Chico's FAS, Joy Global, Corinthian College and Big Lots.
$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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