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More Distribution

|Includes:SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SMH, SPY

Another seller dominated day gives the Naz its second day of Distribution in a row, while the Dow and S&P drift.



We're not shifting from our Buy bias just yet. In fact, we'd like to see a gentle broad market pullback give us some better opportunities to scoop up select Growth Stocks that broke out recently.

Any further Distribution, where volume on a down day out numbers the previous day, will make us cautious. Another concern is the semiconductors (NYSEARCA:SMH), which have yet to conquer its key 200-day moving average to the upside, and drags heavily on the Bull for its historical tendency to trade closely with the market's longer term direction.

Stay tuned,

Dan, thegrowthstockreport.com

Disclosure: Long SINA, Short DECK

Stocks: DIA, SPY, QQQ, SMH