$tockMarketDirection still maintains a bullish posture. This past week was a significant one considering the economic data put out, especially the FOMC minutes, unemployment and jobs as well as earnings from several major companies.
While the market is trading at lofty levels, there is no significant economic data that should bear great weight on the market. However, several companies report earnings and if announcements are generally less than expected, then it could adversely impact the market. Conversely, earnings could be stellar and could continue to fuel the market's climb.
While the market is trading at lofty levels, there is no significant economic data that should bear great weight on the market. However, several companies report earnings and if announcements are generally less than expected, then it could adversely impact the market. Conversely, earnings could be stellar and could continue to fuel the market's climb.
Reports this week include: Initial claims (8/7).
$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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