Sunday, December 1, 2013

Market Direction Week of December 1, 2013

Record highs continue to dominate the market. It seems much of the concern over whether the Feds will initiate easing has subsided. The bullish sentiment continues to dominate even though there are many who believe an easing is inevitable within the next few months. We suggest you monitor your positions closely and monitor $tockMarketDirection for ALERTS indicating a change in market posture.

Reports this week include: New Home Sales (12/4), Non-Farm Payroll, Unemployment Rate and Personal Income (12/6). 

Some of the major earnings announcements on deck: Bob Evans, GIII Apparel, Guess and Wet Seal.

$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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