Market Direction: BULLISH alert issued 04/25/2013
We had a short trading week last week. However, the major indices continued to push higher. This was in spite of the fact that volume was relatively light. Generally, there was no major leader among the various sectors.
Economic news was also light due in part to the short trading week as well. Major market news included Twitter rallying and then dropping significantly and a joint venture finally announced between Apple and China Mobile.
Reports this week include: Pending Home Sales (12/30)
We had a short trading week last week. However, the major indices continued to push higher. This was in spite of the fact that volume was relatively light. Generally, there was no major leader among the various sectors.
Economic news was also light due in part to the short trading week as well. Major market news included Twitter rallying and then dropping significantly and a joint venture finally announced between Apple and China Mobile.
Reports this week include: Pending Home Sales (12/30)
Some of the major earnings announcements on deck: Tower Group and Cooper Tire and Rubber Company
$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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