Market Direction Week of November 28, 2016©

Market Direction: BULLISH alert issued 11/10/2016

Last Week Review: Stocks continued their post-election rally as major indexes reached record highs Friday and have risen in each of the past three weeks. Small-cap stocks have increased more than large-cap stocks since the election because many investors believe that they will be the larger beneficiaries of accelerating growth and tax reform. However, the success, growth and resiliency of the U.S. don’t change with each election, and neither should your investment strategy.

How the market finished last week, the S&P 500 up 1.4%, the Nasdaq up 1.5%, and the Dow up 1.5%.

This Week: OPEC and non-farm payrolls dominate the coming week. The OPEC meeting is set to decide the course of crude oil prices, since a failure to agree a deal could see the gains made recently unwound. Also on the list for the week are manufacturing PMIs from around the globe, plus US GDP figures.

The corporate front is relatively quiet, although full-year numbers from Aberdeen Asset Management and Sage, plus interims from Berkeley Group, should provide plenty of interest.

Economic Calendar: GDP (11/29), Consumer Confidence (11/29), PMI Manufacturing Index (12/1), Employment Report (12/2) 

Some of the major earnings announcements on deck: SWHC, DG, FIVE, KR, ULTA.

$tockMarketDirection proprietary model is currently BULLISH. 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. Cha-ching.

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