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
  • Not Out Of Woods 0 comments
    Sep 14, 2010 4:53 PM | about stocks: SPY, XLF, SMH, RTH
    Last week's Follow Through Day, suggesting institutions are on board with a bullish leg in stocks, has been working thus far.



    As up-volume outpaces down-volume over the past several weeks we've had the confirmation of a number of new highs from our top-ranked and beloved Growth Stocks.

    We're holding our Buyer's Edge bias until Distribution, or institutional grade selling, shows up. The S&P 500's testing of just above its 200-day moving average might pose just the location for some type of pullback to take place.

    The key sectors of Financials (NYSEARCA:XLF), Semiconductors (NYSEARCA:SMH) and Retail (NYSEARCA:RTH) all remain below their 200-day moving averages, giving us further indication we're hardly out of the woods.

    September is also notorious for corrections, so hold on.

    Dan, thegrowthstockreport.com
    Themes: Growth Stocks Stocks: SPY, XLF, SMH, RTH
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.