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Our research draws its market bias from a combo of Fundamental and Technical evidence. Economic and earning trends are matched against our analysis of price and volume charts, giving us an indication of how friendly or unfriendly the market is behaving. The goal is to identify top growth stocks... More
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  • Grind Away 0 comments
    Oct 21, 2010 6:50 PM

    An uptick in volume over the last two weeks coupled with stagnant price action tells us this rally has cooled.



    We're sticking with a Buyer's Caution bias, though will turn it to Sell if we see some Distribution Days notched in.

    Distribution, where volume exceeds the previous day and accompanies a price drop, gives us indication that institutions may be unloading. And that's something we don't want to be on the other side of given institutions' dominance in moving the market.

    Stay tuned,
    Dan, thegrowthstockreport.com

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