Market Direction Week of March 9, 2014

Market Direction: BULLISH alert issued 02/20/2014

The market saw broad gains on the week and in the process, new record highs were established as well. March 9th is the five year anniversary of this current bull market. In spite of record highs this past week, we encourage caution moving forward. Exercise sound money management and/or hedging is encouraged. While we still maintain a bullish posture, the laws of physics suggest that what goes up, eventually, must come down. However, it is important not to jump the gun but rather to allow the market to demonstrate weakness followed by a change in posture from our proprietary indicator.

Economic data was closely watched this past week, with emphasis on the job numbers, which were better than expected. While this coming week is light on economic news, there are still several factors that have the potential to impact the market. Emphasis will likely be placed on the retail sales numbers to be released this week. On a global scale, the Ukraine issue is likely to dominate and influence the market. Volatility is expected in the weeks ahead.

Reports this week include: Retail sales (3/13)

Some of the major earnings announcements on deck: DKS, WSM, PLUG, SEAS, CCL

$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.