Market Direction Week of November 17, 2013

Market Direction: BULLISH alert issued 04/25/2013

We continue to hit new highs supported by positive economic news. Unemployment claims rose less than expected for the week ending  November 8th. This may suggest the labor market is in full recovery mode. With that being said, the bulls are convinced this market has more room to run before a major pullback and that very well may be true.  However, we continue to advocate sound money management as we continue to hit new peaks.

Reports this week include: Existing home sales  (11/20) and Initial Claims (11/21).

Some of the major earnings announcements on deck include: Best Buy, Tyson Foods, Dick's Sporting Goods, Krispy Kreme and TJX.

$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.