Erasure Bear
Dear Readers: Friday we kicked off May trading with a broad sell-off on the major indexes, erasing gains made earlier in the week. Lack of volume shows less fervor for the Bears. The month of Read More …
Category: Growth Stocks
Pandemic Two Step
Dear Readers: The Growth Stock Report resumes after a long hiatus. It’s a new market. Time to reset. It’s great to be back! US Major indexes hold gains after taking back about half their losses Read More …
Buyers Can’t Be Wrong
Enough with the small talk. There’s no reason to not be bullish at this juncture. Tech and Financial stocks remain the winningest trades – bolstered with major breakouts from the prior group with growth stocks Arista Networks Read More …
Big Red Finger
Sell Bias In Effect. Friday’s steep sell off on heavy volume reeks of institutional dumping. That’s two days of distribution in a row for the S&P 500 and Dow 30. You should have been aware. The Read More …
Doldrums
Best to sit tight when it’s late summer and subtle price action leaves little to say. Cash is avery good place. Broad-based sector participation in new highs affirms market strength. There’s little technical evidence to suggest Read More …
Thrust
Back to back accumulation days on the S&P 500 gives the Bull some momentum going into February. It’s mostly been energy stocks bouncing off lows, so we won’t get too excited. Yet a broader bounce is still Read More …
Not To Play
Sometimes, the only winning move is not to play. It’s been a real nowhere year for the major U.S. indexes with horizontal moving averages illustrating the stagnation. Under the hood, individual sectors have had varying Read More …
Holiday Mode
Almost unprecedented sideways action on the major indexes this year doesn’t do much to excite as we stare down the tunnel to the year’s end. We’ve played it cool all along here, staking out a Read More …
Pickers’ Market
A few bright spots in a mostly dull market might affirm that fund managers are loading portfolios with only the best stocks to show their customers. There could be other reasons, but we won’t get Read More …
The Setup
The broader market’s rally off recent lows lacks conviction. Modest distribution Friday gives the finger to recent, modest accumulation. Not much for a bull to hang his hat on, but the technicals have indeed improved. Read More …
Drift
A second week of modest, upward momentum scares the bears into covering short positions. This dull and leadership lacking rally is suspect. No real evidence of institutional buying en masse. Volume is generally lighter. It’s not Read More …
Bear Bumpin’
This week, only TAL Education Group (XRS) met our stock screen criteria – and is nothing to consider buying given the dominant bearish environment for U.S. equities. We’re staying bearish for: Lack of upside leadership Lack of accumulation. Read More …