Archive for July, 2011|Monthly archive page

Looking Down

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.

Stay tuned,

Dan

Worthy Growth Stock Reading:

Bulls Losing Grip

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.

Stay tuned,

Dan

Today’s Worthy Growth Stock News

The New Dynamics of Netflix Reuters

Dropbox Raising Massive Round at a $5B-Plus Valuation TechCrunch

Drilling Boom, Buyout Boost Robbins & Myers’ Sales IBD

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.

Stay tuned,

Dan