Seeking Alpha

GSRTrades'  Instablog

GSRTrades
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:
GSRTrades
  • Holding Our Bias 0 comments
    Aug 11, 2010 5:46 PM | about stocks: DIA, SPY, QQQ
    Clear and heavy selling Wednesday sent price action on the major indexes back below its 200-day moving averages.



    That's two days of Distribution in a row. As the 50-day averages now serve as support we'll wait to see how they hold before changing our current bias of Buyer's Caution.

    Stay tuned,

    Dan
    thegrowthstockreport.com

    Disclosure: Short DECK, TEX
    Themes: Growth Stocks 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

StockTalks

  • 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 (6 Comments)
  2. Runaway Train (4 Comments)
  3. A Follow Through Day (2 Comments)
  4. Bearish Callings (2 Comments)
  5. Pullback Mode (1 Comment)
Posts by Themes
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.