Sunday, September 8, 2013

Market Direction Week of September 8, 2013

Market Direction: BULLISH alert issued 04/25/2013

The market saw an upswing this past week rising over one percent. This upswing to start the month of September is in stark contrast to the pull back that occurred in August. There are several factors that may contribute  to increased volatility over the next few weeks.

The various factors influencing the market over the next few weeks include concerns over a possible war with Syria as well as the the Feds meeting that will occur on September 18 and September 19. It is possible the Feds may announce tapering at the meeting.

Reports this week include: Initial Claims (9/12) and Retail sales (9/13).

Some of the major earnings announcements on deck include: Phillip Van Huesen and Kroger.
$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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