Market Direction Mid Week Update

Market Direction: sign-up and subscribe alert issued ?/?/?

For starters, Facebook Inc's (FB) quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending.

The company's shares rose 9.5 percent in after-hours trading on Wednesday to $118.39, setting it on track to open at a new high on Thursday, at nearly triple its initial public offering four years ago. 

The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy.

In a statement that largely mirrored the one issued after its last policy meeting in March, the U.S. central bank's rate-setting committee described an improving labor market but acknowledged that economic growth seemed to have slowed.

It also said it was closely watching inflation and noted that global economic headwinds remained on its radar, though it made no mention of the risks they posed, as it had last month.

"The committee continues to closely monitor inflation indicators and global economic and financial developments," the Fed said following a two-day meeting.

$tockMarketDirection proprietary model is currently sign-up and subscribe. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend.

The all-time subscribe since our initial recommendation to go sign-up and subscribe this market. Here is how the markets have performed:  

Stock Market Direction Recommendation (?/?/?)
Dow Jones	sign-up and subscribe	?/?/?
Nasdaq	sign-up and subscribe	?/?/?
S&P 500	sign-up and subscribe	?/?/?

Related Link: http://www.stockmarket-direction.com/