GSRTrades'  Instablog

Send Message
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
My company:
  • Waiting For A Break 0 comments
    Jul 20, 2010 5:03 PM | about stocks: DIA, SPY, QQQ

    Higher buy-volume gives the Bull a vote of confidence, but chartwise we're still in "no man's land."

    With the 50-day moving averages still serving as resistance for the Dow, S&P 500 and Nasdaq, there's much to prove before taking a bullish bias. The same can be said for the majority of stocks out there.

    Lack of conviction in either direction is also evident in the high/low counts, with the NYSE posting a dominance of 188 highs to 69 lows, and the Nasdaq showing a different scenario with 27 highs to 69 lows.

    As mentioned in the weekly Growth Stock Report for subscribers, sometimes the best thing to do is simply nothing.

    Eventually we'll get our break one way or another.

    Stay tuned,


    Disclosure: Short: DECK, CAAS, CUZ, TEX

    Stocks: DIA, SPY, QQQ
Back To GSRTrades' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Base breakout on growth stock $ULTA in effect
    Jun 18, 2010
  • Major buy volume on Growth Stock $ULTA, up 10%, nearing base breakout
    Jun 11, 2010
  • Growth Stock base breakout on $DECK
    Jun 11, 2010
More »

Latest Comments

Most Commented
  1. Cautious Buyers ( Comments)
  2. Runaway Train ( Comments)
  3. A Follow Through Day ( Comments)
  4. Bearish Callings ( Comments)
  5. Pullback Mode ( Comments)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.