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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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  • Bulls Feeling Good 0 comments
    Jul 28, 2010 5:09 PM | about stocks: DIA, SPY, QQQ, SMH, RTH, XLF

    We can't ignore the bull as price-action treads evenly with major moving averages.

    A modest sell-off at the S&P 500's 200-day average has collected one distribution day, which while a concern to bulls, won't mean much unless more follow.

    With semiconductors (NYSEARCA:SMH) and finance (NYSEARCA:XLF) convincingly above their 50-day and 200-day averages, the broader picture clearly suggests significant strength.

    Though unless retail (NYSEARCA:RTH) can follow suit, it will threaten the sustainability of this four-week long rally off lows.

    Stay tuned,


    Disclosure: Short: DECK, CUZ, TEX

    Stocks: DIA, SPY, QQQ, SMH, RTH, XLF
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