Market Direction: BULLISH alert issued 04/25/2013
Last week our market direction advised the following "With the market at these levels, it is likely a slight
to moderate pullback may take place in the near future." Well, we have had major pull backs this past week. The last pull back was over 300 points on the Dow. We may continue to see headwinds in the near future. While it can be disconcerting if you are currently in a long position to see the market continue to pull back, ensure appropriate stop losses are in place and cut your losses short.
Our proprietary indicator has not turned completely bearish as of yet, but we encourage you to continue to monitor $tockMarketDirection for changes in posture.
Reports this week include: New homes sales (1/27) and Fed Funds Target rate (1/29)
Our proprietary indicator has not turned completely bearish as of yet, but we encourage you to continue to monitor $tockMarketDirection for changes in posture.
Reports this week include: New homes sales (1/27) and Fed Funds Target rate (1/29)
Some
of the major earnings announcements on deck:Apple, Caterpillar and Boeing
$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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