Market Direction: BEARISH alert issued 05/08/2014
First quarter earnings season is about to close. Thus far earnings indicate corporations are doing mostly well. Approximately 70% of those reporting have beat expectations. While earnings seem mostly encouraging, the S&P500 and Dow were flat on the week. Interestingly the NASDAQ was significantly lower for the week though. As you are aware, we posted a change in posture status from bullish to bearish as well.
In closing, we here at $tockMarketDirection.com would like to wish all the mothers an enjoyable Happy Mother's Day.
Economic Calendar: Treasury Budget (5/12), (5/13) Retail Sales and Housing Starts (5/16)
Some of the major earnings announcements on deck: FOSL, TTWO, VRG. AAP, JCP, WMT, SJM, DDS
$tockMarketDirection is in a BEARISH 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.
$tockMarketDirection is in a BEARISH 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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