tag:blogger.com,1999:blog-104023872008-07-17T09:22:16.477-07:00The Growth Stock ReportThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comBlogger185125tag:blogger.com,1999:blog-10402387.post-42365659265513313612008-07-17T09:14:00.001-07:002008-07-17T09:22:04.502-07:00Dominant Downward Path
Tuesday's heavy-volume sell-off with an 18 year high in new 52-week lows for the NYSE is the kind of thing markets tend to rally from.
As the selling exhausts itself, there's often nowhere to go but up.
Wednesday and Thursday's rebound is long overdue, but we can't ignore the still dominant downward path the Bears have been paving for us.
And more importantly, as Growth Stock players we The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-15635611854112665192008-07-12T09:55:00.000-07:002008-07-12T10:01:35.100-07:00Banks' Bloodbath
Banks' bloodbath is spilling over to other areas of the market, but it's still unclear if it's going to burry it all.
We've been anticipating continued declines from cash-strapped financial institutions who still appear to be figuring out just how deep of a mess the mortgage industry has created for them.
This week's headlines of lenders Fannie Mae and Freddie Mac becoming insolvent and in The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-70285347227000903992008-06-21T13:15:00.000-07:002008-06-21T13:18:40.760-07:00TIDBITSTIDBITS
Two former managers of the Bear Stearns hedge funds that imploded last year surrendered to the FBI on Thursday and are expected to be charged with securities fraud by US prosecutors.
More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that have The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-64597257503784011432008-06-18T13:56:00.001-07:002008-06-18T15:27:22.880-07:00The dominant market mode
Selling remains the dominant market mode as weakness from Financial stocks weighs on the major averages.
We've held a seller's bias for the past two weeks as heavy selling volume often precludes moves down.The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-70051420922451083362008-06-08T16:14:00.000-07:002008-06-08T16:22:16.818-07:00The sellers' bell The sellers' bell rang loud and clear Friday.
It's a strong signal when the market makes a large move on heavy volume.
In this case the Bear is telling us it's alive and threatening to stick it to the Bull in a major way.
We've raised our Red Flag sellers bias.
Profits from long positions must be guarded closely.
The 50-day averages will be telling this week. A further fall tells us the The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-34032392260338729542008-06-05T16:24:00.000-07:002008-06-05T16:28:18.674-07:00Our Take
Our Take On The Market: Tuesday's heavy selling threatens to become contagious as key Financial stocks flirt with lows.
Markets tend to head where Tech and Finance take them. But with Tech showing spurts of strength lately it's turned into a tug-of-war that only time will resolve.
Bulls are happy to see decent buying on the Dow to mark an accumulation day.The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-92172083691571986152008-05-15T16:26:00.000-07:002008-05-15T16:30:26.430-07:00Stocks at New HighsStocks at New Highs, 8/15/08
AAWW Atlas Air Worldwide Hldg
ACI Arch Coal Inc ACL Alcon Inc ADEP Adept Technology Inc AKS A K Steel Holding Corp AMCP Amcomp Inc AMSC American Superconductor ANR Alpha Natural Resources ANSS Ansys IncThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-84473947595845170522008-05-03T09:01:00.000-07:002008-05-03T09:03:42.486-07:00Key battles
The Bulls remain in control as they drive the major indexes to just under their 200-day moving averages.
We anticipate key battles at the 200-day averages.
And until those levels are resolved we are hesitant to raise the Green Flag for a buyer's bias.
Whether or not the economy is in a recession or the credit crisis is behind us is pretty much undeterminable.
What we know is that the stock The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-41637213361507909922008-04-18T12:19:00.000-07:002008-04-18T12:24:07.307-07:00Our strict criteria* from our paid subscriber content
Growth Stocks take it up a notch but still need to prove themselves. Twenty-three new highs from stocks meeting our top fundamental requirements is more than we've seen in a long time. We'll maintain our cautious Yellow Flag bias, but are ready to shift to a stronger Bullish or Bearish stance when more evidence weighs in. As earnings season picks up it is The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-82931645867674623742008-04-10T14:53:00.000-07:002008-04-10T15:11:16.835-07:00Buyers In Big Picture
Thursday's accumulation day bodes well for the market's upside potential.
It's just one more sign that buyers are outnumbering sellers.
After Wednesday's distribution on the Nasdaq, and key sell-offs in Transportation and Retail, it looked for a moment like it was all about to unravel.
But successful speculation comes by patiently taking in the big picture as new data constantly changes The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-39553228265559750732008-04-03T16:47:00.000-07:002008-04-03T16:52:52.033-07:00Where institutions are placing their bets
Evidence has mounted to the Bull's favor.
After the S&P 500 put in a Follow Through Day with its massive upside move Tuesday, odds will favor the long positions until proven otherwise.
Quiet price-action the last couple days bodes well for Bulls as indication sellers have less conviction.
What we need to watch carefully for is Leadership, which will tell us where institutions are placing The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-51630901219404412562008-03-29T10:22:00.000-07:002008-03-29T10:24:21.697-07:00The waning.
Things get quiet absent major news.
Sell-side volume looks to be waning, giving rise to the probability that buyers will be stronger in coming sessions.
And yes, there was a Follow Through Day* on the Dow made a week ago, but not for the S&P 500 and Nasdaq.
We're keeping our Seller's Edge flag up for lack of Leadership and broader Institutional Support in the market.
Technology shares The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-78931136963573257802008-03-18T16:15:00.000-07:002008-03-28T13:16:48.540-07:00Roar Back!
The Bulls come roaring back.
But Tuesday's buy-volume didn't match the heavy distribution of Monday.
It's hard to see and advantage for shorts right now.
As price action points upward, a record number of short sellers are bound to feal the itch to cover.
The S&P 500 has basically double-bottomed. Odds are there will be some type of test to the upside.
What we need to watch for is a Follow The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-55563763482345269192008-03-13T16:19:00.001-07:002008-03-13T16:24:55.120-07:00Where the battle breaks
Another end-of-the-day rally sticks it to the Bears.
Evidence shifts to the Bull's immediate advantage.
Two days of accumulation, bad news shaken off and several new highs from top fundamental stocks threatens to burn shorts.
But hasn't been a good market for Bulls or Bears in the last month.
Only time will tell where the battle breaks and a new trend begins.The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-27408834288795605452008-03-11T15:22:00.001-07:002008-03-11T15:28:09.037-07:00Fed to the rescue
Just when the market looks its worse, it's the Fed to the rescue.
Shorting the market is just plain harder then buying. It's instances like this that make short sellers nervous and triggers sharp rallies off lows.
Today's heavy buy volume is enough to recognize that a potential pivot point has been set, a point from which we may rally from.
Whether of not the Fed's $200 billion loan it has The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-43820067685038570072008-03-06T16:38:00.001-08:002008-03-06T16:47:09.380-08:00Who wants to sell?
The market wants to sell.
Failed breakouts, heavy sell-volume and bad reactions to bad news make the message clear.
We're looking at the recent low of 1275 on the S&P 500 for a test. What happens there we'll discern as it unfolds.
We expect volatility to pick it up a notch, but it wouldn't be the first time to see price action do a screaming reversal as shorts are slaughtered near a retest.
The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-67912657084539021842008-03-03T14:51:00.000-08:002008-03-03T14:54:55.708-08:00We've seen bear markets before
We've seen bear markets before.
They drag on, torturing market players, setting up potential breakout buys that only collapse.
Subscribers to our Weekly Setups have watched two top-quality stocks breakout last week, but smart money isn't buying because they're only indicators.
If the stocks breakout and pick up momentum it could open the door for other stocks now setting up.
But if we beginThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-17650187933731043872008-02-20T15:09:00.000-08:002008-02-20T15:20:02.853-08:00Good buy-volume
Good buy-volume on the heels of Fed comments adds more evidence to our bullish bias.
Anyone watching CNBC this morning before the open was given the message that the market was falling a part as a lower open did it's usual job of striking panic.
But anyone who has been around the market awhile knows better than to buy into the hype.
How many times have we seen morning reversals?
SuccessfulThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-89382804587908532872008-02-19T15:40:00.000-08:002008-02-19T15:45:14.213-08:00The precursors
The markets have been eerily quiet for the past few week.
Light volume and tight price action will be the precursors to a boost in volatility.
What or When triggers the next round of buying or selling is beyond us.
We have correctly obeyed the market's mixed signals for the past few weeks, and are ready to strike (long or short) when conditions present an edge.The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-25184233411628404462008-02-12T16:07:00.000-08:002008-02-12T16:15:17.967-08:00Leadership remains an x-factor
So far not much to say on price action.
Since taking a modestly bullish stance on the broader market there has been little progress one way or another.
Leadership remains an x-factor. Without solid acceleration from key sectors, the Bull's power remains questionable.
But on a bright note, volume patterns show three accumulation days in the past three weeks. Not much to hang your hat on, butThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-11366899197515324182008-02-07T13:44:00.000-08:002008-02-07T13:55:00.512-08:00Another accumulation day
Bulls pick themselves up as strong volume comes into support their cause.
With another accumulation day in the books for the major indexes, our volume indicator now leans modestly in the Bull's favor.
This is a tricky time to guage the markets. We can't expect clarity of trend to become evidient as the market flops off a recent panic-driven low.
Bear market rallies can be extreme.
But what The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-18023127140906850932008-02-06T15:37:00.000-08:002008-02-06T15:46:52.761-08:00Nice Sneakers
William O'Neil followers know what it means when a company makes the cover of a major business magazine like Forbes. Just when it looks like the company is at the top of its game its stock begins to sputter after there's no left to buy it anymore. This is the case with Nike Inc. (NKE). Nevermind what the article says. The stock has bounced off recent lows to just under its 50-day moving average.The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-15976594491124240282008-02-05T15:14:00.000-08:002008-02-05T15:22:08.696-08:00Hardly much worth buying...
A steep sell-off across the major indexes has the Bears revved up for more.
But it will take a couple of more -3% days to get us down to a new low on the S&P 500.
While volume edged up to mark a distribution day, the total count for the last two weeks is even, with the S&P 500 making three accumulation days and three distribution days.
Reaction to earnings season is what we're most concernedThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-65325574558698777162008-02-04T15:15:00.000-08:002008-02-04T15:26:32.748-08:00The Zig And Zag Of It
Monday's light volume decline means little.
We want to be careful not to get too wrapped up in day-to-day action, and must always be aware of the bigger picture.
We've taken a modestly bullish stance on the market due primarly to our price and volume analysis.
But often when the market has burned bulls and bears price-action will zig-zag mostly sideays for a time as players fight to get on The Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.comtag:blogger.com,1999:blog-10402387.post-75363513319930431632008-02-02T08:47:00.000-08:002008-02-02T08:49:16.872-08:00What FTD?
What the market is saying:
Buyers show interest as the major indexes come off lows.
Thursday's traditional Follow Through Day (FTD) of an increase in buy-volume with the Nasdaq advancing 1.7% has us interested.
But according to IBD, the science has changed, and they are not calling for an FTD due to higher volatility in the market.
Without entering an academic debate over the subject, we trustThe Growth Stock Reporthttp://www.blogger.com/profile/12648334521446816785noreply@blogger.com