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.

Monday, January 26, 2009

Try not to think

This is where we try not to think.

Price-action and volume are telling us very little right now.

Monday's modest rally attempt doesn't really add up to much as it comes well shy of its 50-day moving average.

Any retest of lows would simply be anyone's guess.

So as intermediate-term breakout buyers we stay patient for a clearer signal.