For FullyInformed Members a new trade alert this morning in the Market Direction Portfolio. There often are game changers or catalysts that can move stocks one way or the other. Stocks have been stuck trying to break through resistance levels and the Dow in particular has lagged the rest of the market. The new Fed Chairman, Janet Yellen put in place another game changer yesterday when she told the Senate committee members that the Fed will do anything necessary including stop the current tapering to support the economy. Whether that happens is immaterial at this point. But her comments and commitment is all stocks needed to break through resistance and commence the next leg up in their rally.
With the Market Direction Portfolio now up 15.2% in two months this portfolio is on fire. While I doubt 2014 will be a repeat of 2013 for stocks in general I do believe the choppiness of the markets is building the returns of this portfolio. Today’s trade discusses the outlook and the changes now in place on the use of stop-losses.
Market Direction Portfolio Trade Alert
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