Sunday, March 30, 2014

Market Direction Week of March 31, 2014

Market Direction: BULLISH alert issued 02/20/2014

The Federal Reserve completed its annual stress test of the major banks and most performed well. Again this week, most economic news was positive here in the United States and abroad. US consumer spending rose and existing home prices have increased for the past two years. Consumer confidence also increased for the third time in the last several months. Less emphasis was placed on Ukraine this past week and the market continued to move higher.

Economic Calendar: Nonfarm Payroll and Unemployment Rate (4/4)

Some of the major earnings announcements on deck: UTI, MON, PERY, SCHN, KMX

$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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