Market Direction: BULLISH alert issued 04/25/2013
This past Friday saw mix action on the indices with Dow ending up and both the Nasdaq and S&P 500 finishing slightly down. This week we return to a full trading week, which will likely result in an increase of volume across most sectors. While we saw mixed action on the indices Friday, overall the market was down for the month of December.
As traders/investors embark on their trading journey in 2014, we caution that some near term turbulence may be coming as we have seen a major ascent in the market with little to any pullback. While we anticipate that at some point a pullback will occur, we are not certain when and you should not jump the gun in anticipation of a pullback. At $tockmarketdirection we advocate trading what is occurring in the market, not what we think is going to occur.
Continue to monitor $tockmarketdirection for insights into market action. As you can see from the year end posts recapping our market signals, $tockmarketdirection has been effective at calling the marking trend. Remember, our recommendations is not investing advice and all trader/investors should exercise their own due diligence and seek independent advice prior to investing/trading based on the information on this site.
Reports this week include: Redbook (1/7) and ADP Employment(1/8)
Some of the major earnings announcements on deck: Bed, Bath and Beyond, Apollo Education Group, and Fastenal.
$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.
This past Friday saw mix action on the indices with Dow ending up and both the Nasdaq and S&P 500 finishing slightly down. This week we return to a full trading week, which will likely result in an increase of volume across most sectors. While we saw mixed action on the indices Friday, overall the market was down for the month of December.
As traders/investors embark on their trading journey in 2014, we caution that some near term turbulence may be coming as we have seen a major ascent in the market with little to any pullback. While we anticipate that at some point a pullback will occur, we are not certain when and you should not jump the gun in anticipation of a pullback. At $tockmarketdirection we advocate trading what is occurring in the market, not what we think is going to occur.
Continue to monitor $tockmarketdirection for insights into market action. As you can see from the year end posts recapping our market signals, $tockmarketdirection has been effective at calling the marking trend. Remember, our recommendations is not investing advice and all trader/investors should exercise their own due diligence and seek independent advice prior to investing/trading based on the information on this site.
Reports this week include: Redbook (1/7) and ADP Employment(1/8)
Some of the major earnings announcements on deck: Bed, Bath and Beyond, Apollo Education Group, and Fastenal.
$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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