A Bullish 2012
Market Information for this Week.....
A Bullish 2012
There are many reasons to be bullish in 2012 – the golden cross, momentum indicators are strong, internal indicators are showing strength, it is an election year and a better-than-expected January has just ended!
The January Barometer
The January Barometer refers to the theory that the market's performance during the month of January sets the stock market's direction for the year! It is possible that the barometer will be right this year -- the stock market will show a net gain for the next 11 months, mostly because the U.S. is in a recovery driven by the natural cyclical forces of the economy – particularly with jobs increasing.
The Week Ahead in the Stock Market - January 30, 2012
In the week ahead the jobs report may be vital to the continued rally – a golden cross is looming! It is a hectic week of earnings news, economic reports and Fed testimony – also the European leader’s summit Monday, a possible Greek debt deal and Chinese manufacturing data Wednesday – all adding pressure to the market rally! Fund managers appear to be growing more bullish, but it is important to note that retail investors have yet to find their way back into this market.
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