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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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  • Sellers Still Strong 0 comments
    Jun 14, 2010 5:15 PM | about stocks: LULU, MELI, ULTA
    Heavy sell-volume in the S&P 500 as it flirted with testing its 200-day moving average doesn't bode well for the Bulls.



    We're staying Bears.

    While we've nibbled a bit on the rally potential of a handful of top Growth Stocks, (NASDAQ:LULU), (NASDAQ:MELI) and (NASDAQ:ULTA), without the confirmation of the broader market it's all high-risk.

    In our weekly commentary posted this morning we made it a point that we wouldn't get too cerebral as the market struggles to find a trend. It's going to break one way or another.

    Best thing to do is wait to see how the week evolves before jumping to any conclusions. It's summer. Try to enjoy yourselves...

    Best,

    Dan
    thegrowthstockreport.com

    Disclosure: Long MELI, LULU, HITK. Short TEX
    Stocks: LULU, MELI, ULTA
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