Market Direction: BULLISH alert issued 04/25/2013
This past week demonstrated weakness in the market across all indices. However, the weakness was concentrated in certain stocks while others rose. Small cap stocks were the worst performers and tech stocks demonstrated the most strength.
In spite of the indices demonstrating weakness, economic news seemed mostly positive. Much of the weakness may be in anticipation of the tapering and higher interest rates the Federal Reserves may implement in the coming weeks. There is a rate decision scheduled for December 18th.
Reports this week include: Housing starts, building permits, FOMC rate decision (12/18), initial claims and existing home sales (12/19) and GDP (12/20).
This past week demonstrated weakness in the market across all indices. However, the weakness was concentrated in certain stocks while others rose. Small cap stocks were the worst performers and tech stocks demonstrated the most strength.
In spite of the indices demonstrating weakness, economic news seemed mostly positive. Much of the weakness may be in anticipation of the tapering and higher interest rates the Federal Reserves may implement in the coming weeks. There is a rate decision scheduled for December 18th.
Reports this week include: Housing starts, building permits, FOMC rate decision (12/18), initial claims and existing home sales (12/19) and GDP (12/20).
Some of the major earnings announcements on deck: Fedex, Lennar, General Mills, KB Homes and Walgreen.
$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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