Concern is
mounting that the U.S. will be forced to intervene in Iraq to stop insurgents
from taking over the country. Also, violence in Ukraine escalated over the
weekend after 49 Ukraine soldiers were killed. This week's stock market action will probably be dictated by geopolitical news.
Today’s June
Empire manufacturing index showed a better than expected Empire
Manufacturing number (19.3 actual v. 12.8 expected, 19.0 previous). Today’s June
NAHB housing market index showed a better than expected NAHB Housing Market
Index (49 actual v. 46 expected, 45 previous).
Economic Calendar: Consumer
Prices Index (6/17), Housing Starts (6/17)
Some of the major earnings
announcements on deck: FDX, ORCL, FDS.
$tockMarketDirection is in a BEARISH posture. The most recent action in the stock market is suggesting the market direction could change. 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. The most recent action in the stock market is suggesting the market direction could change. 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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