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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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  • Heavy Selling Confirms Bias 0 comments
    Jun 29, 2010 5:16 PM | about stocks: TEX, SPN, CUZ, CHS
    Another round of heavy, institutional grade selling accompanied the Nasdaq and S&P 500 to new lows Tuesday.



    Our current Sell Bias has kept us on the watch for such events, as it becomes even more clear Bears are in the drivers seat.

    With the Dow and Russell 2000 just shots away from joining the new yearly low club, it's likely a matter of time until we see the majority of the market head along this path.

    Friday's employment data release holds potential for a strong market reaction, as usual. We want to watch short positions in TEX, CUZ, SPN and CHS closely so as to not let any profits turn to losses.

    More individual names will be discussed in our weekly report for paid subscribers.

    Stay tuned,
    Dan
    thegrowthstockreport.com

    Disclosure: TEX, SPN, CUZ, CHS
    Themes: Shorts Stocks: TEX, SPN, CUZ, CHS
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