Market Direction: BULLISH alert
issued 9/21/2017
$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.
Stock
on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there
is a new stock recommendations for the week it is typically made
available late Sunday, so investors can prepare to take a position when
the market opens Monday for trading.
Last Week Review: Stocks were marginally higher on the week as investors were focused on the passage of the U.S. tax bill. Sweeping reform to the U.S. tax system was signed into law on Friday. The new tax legislation will be effective January 1, 2018, with most of the provisions for individuals set to expire after 2025. Highlights of the bill include reduced individual income-tax rates, an increased standard deduction/child tax credit, and a substantial reduction in the corporate tax rate.
Last Week Review: Stocks were marginally higher on the week as investors were focused on the passage of the U.S. tax bill. Sweeping reform to the U.S. tax system was signed into law on Friday. The new tax legislation will be effective January 1, 2018, with most of the provisions for individuals set to expire after 2025. Highlights of the bill include reduced individual income-tax rates, an increased standard deduction/child tax credit, and a substantial reduction in the corporate tax rate.
EU
leaders and British Prime Minister Theresa May agreed this week to move to
“phase 2” of the Brexit process, which essentially outlines the future
relationship between the UK and the Eurozone. May affirmed that Britain would
officially exit the European Union on March 29, 2019.
The
policy committee of the BOJ (Bank of Japan) met this week and said it had no
plans to hike interest rates any time soon. Separately, in an attempt to
further speed the transition of the global crude oil trade away from US
dollars, China announced this week that it will be launching a yuan-based
futures contract early next year.
How the market finished last week, the S&P
500 up 0.3%, the Nasdaq up 0.3%, and the Dow up 0.4%.
This Week: A light economic calendar
and an empty corporate schedule point to what is likely to be an uneventful
week, with most markets closed on Monday for Christmas Day.
Indicators
are fairly mixed again this week, and with light volume and the potential for a
near-term “sell-the-news” pullback (which may have already started) fairly
high, the outlook for next week
Economic
Calendar: Consumer Confidence (12/27), Jobless Claims (12/28), International
Trade in Goods (12/28), Chicago PMI (12/29)
Some of the major earnings announcements on deck: No
earning reports this week.
$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.
Related Link: http://www.stockmarket-direction.com/
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