The Growth Stock Report

The commentary here is for active traders. Our analysis uses a combination of fundamental and technical properties used by hedge funds and institutional money managers.

Sunday, June 08, 2008

The 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 Bulls aren't up to defending it.