The market has demonstrated resilience over the past several weeks as it climbed higher after a temporary solution to the impending budget crisis as well as mostly positive earnings announcements. This coming week may prove difficult for the market to maintain its continued ascent. The Feds will be holding a two day policy meeting and there will be a host of major earnings announcements.
Reports this week include: September Pending Home Sales (10/28), Retail Sales (10/29), ADP Employment (10/30) and Jobless Claims and Personal Income (10/31).
Reports this week include: September Pending Home Sales (10/28), Retail Sales (10/29), ADP Employment (10/30) and Jobless Claims and Personal Income (10/31).
Some of the major earnings announcements on deck: Apple, Facebook, Exxon, MasterCard, Advanced Auto Parts, Buffalo Wild Wings, Valero, Visa and General Motors.
$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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