Strong November Retail Sales Suggest U.S. Stocks to Continue to Trend Higher

December 12, 2014

The U.S. Department of Commerce reported on December 11 that sales at U.S. retail outlets rose considerably during November in spite of weak sales at brick and mortar stores over the Thanksgiving weekend.


That report follows a strong employment report issued last Friday by the U.S. Department of Commerce. With The Conference Board reporting on December 3 that help-wanted advertisements posted on Internet web sites rose sharply during November, there's a good chance that the employment situation in the United States will continue to improve over the near-term.  (More News Below).


12/12/14: Our research indicates that stocks will continue to trend higher after pulling back modestly over the next few weeks.

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Stocks Due for a Substantial Pullback following Weak Employment Report

11/10/14: U.S. stocks moved higher for the third consecutive week during the week ended November 7 after the Institute of Supply Management announced that its survey of purchasing managers indicates that manufacturing activity in the United States increased during October and the U.S. Department of Commerce reported that U.S. auto sales rose last month, as compared to the prior month.


Stocks Due for a Pullback after Rising to Overbought Levels

11/04/14: Stocks continued to rally last week after the U.S. Department of Commerce reported that the U.S. economy grew at a seasonally-adjusted annualized rate of 3.5% during the quarter ended September 30. However, the recent increases in the major U.S. stock market indices stalled on Monday after rising to substantial overbought territory.