Market Direction: BULLISH alert issued 02/20/2014
Economic news was positive this past week causing the market to end higher at near record levels. The positive market action was the result of the U.S. jobs report. The report indicated 288,000 jobs were added in April. This was a significant increase since it was the most jobs added since 2012. In addition to the positive jobs report, reports also reflected positive manufacturing activity in the United States and abroad as well. The Federal Reserve announced they will continue to taper bond purchases.
Economic Calendar: Consumer Credit (5/7) and Initial Claims (5/8).
Some of the major earnings announcements on deck: SYY, TSN, MED, EOG, DTV, MOS, ODP, DIS, WFM, DUK, HUM, CTSH, and PCLN
$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.
$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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