Market Direction: BEARISH alert issued 05/08/2014
The market continues to push to new highs bolstered by encouraging economic data. The initial jobless claims suggest a strengthening job market. Additionally, interest rates continue to decrease with the Treasury Yield hitting 52 week lows. A weak note on economic data is that personal spending fell in April and durable good orders were up better than expected. The focus this week will be the employment report with expectations the employment rate will rise.
Economic Calendar: Jobs report (6/6)
Some of the major earnings announcements on deck: HOV, JOSB, LULU, HTZ, PBY
$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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