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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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  • Pullback Mode 1 comment
    Sep 7, 2010 5:35 PM | about stocks: DIA, QQQ
    Low-volume pullbacks across the indexes don't have enough thrust to negate our Bullish bias.We were expecting the price gap on the S&P 500 to get filled, as was the case Tuesday.In order to remain Bullish we want to see sell volume dry up. It would also help to see a continuation of new highs from top stocks.Stay tuned,Danthegrowthstockreport.com

    Disclosure: Long: URBN, Short: DECK, TEX
    Themes: Growth Stocks Stocks: DIA, QQQ
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    Hmmm, low volume down is meaningless, but even lower volume up is somehow bullish? Very strange. But maybe you will find out how quickly a significant sell-off can happen. Higher put to call volume is an indicator that you might find out pretty soon as well.
    7 Sep 2010, 08:31 PM Reply Like
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