Market Direction: BULLISH alert issued 04/25/2013
Last week ended a down week as well as a down month in the market. The past couple of weeks have demonstrated extreme volatility and and pullbacks. We have repeatedly cautioned blogger/followers to tighten stops and suggested taking profits. Obviously, the large concern is whether the pullback will continue and if so, to what extent.
Our proprietary indicator has signaled a warning but 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: No significant reports this week
Our proprietary indicator has signaled a warning but 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: No significant reports this week
Some of the major earnings announcements on deck: Church & Dwight, Michael Kors, Linkedin and Monster World Wide.
$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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