Market Direction: BULLISH alert issued 02/20/2014
The market demonstrated a strong rally this past week. However, the strong rally eased on Friday with the market ending mixed. While better than expected economic news contributed to the rally, the Ukraine caused some uneasiness resulting in the mixed ending to the week. Although Yellen reiterated the Fed's commitment to tapering, many believe the Fed's will be flexible and make adjustments in the event the economy shows increased signs of weakening.
Reports this week include: Personal income (3/3), Initial Claims (3/6), and non-farm payroll and unemployment (3/7).
Some of the major earnings announcements on deck: SWHC, SCTY, QIHU.
$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 posture. Cha-ching.
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