Market Direction: BULLISH alert issued 04/25/2013
The major indices were mixed this past week. While the Nasdaq and the S&P continued to move higher over the course of last week, the Dow showed several days of minor losses. Economic news was mostly positive. However, the jobs numbers were very weak compared to expectations producing only 74K jobs. Unemployment dropped to 6.7%. Additional employment data released last week were also very weak.
Reports this week include: Retail date (1/14)
Some of the major earnings announcements on deck: JP Morgan Chase, Wells Fargo, Bank of America, Fastenal, Cooper Tire, Goldman Sachs, Unitedhealth Group, American Express,
$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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