Archive for July, 2011|Monthly archive page
We’re still looking down, though lookout for a technical bounce as the major indexes test their 50-day moving averages.
We’re also getting some key earnings reports this week, market could easily see a volatility spike.
Worthy Growth Stock Reading:
Similar to yesterday, major indexes couldn’t hold their rallies on news of a potential QE3 Fed easing.
Take into consideration the lagging Semiconductor and Financial indexes, it’s tough to be a bull.
We’re holding a Buyer’s Caution, with an itchy trigger finger for shorts.
Today’s Worthy Growth Stock News
The New Dynamics of Netflix Reuters
Top Domestic Web Properties by Share of Minutes Paul Kedrosky
The S&P’s high volume sell-off to its 50-day moving average keeps the Bears in charge.
What has us really Bearish is the fact the market couldn’t put in a decent close on news QE3 could be a reality.
Financial stocks continue to lead down. Until they bottom we’re looking for lower prices.