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.

Thursday, October 04, 2007

Range Bound

Another tight range-day for the broader maret. We're maintaining a bullish bias with orderly pullback action suggesting eager sellers are absent. We are a little concerned over the lack of volume, but would be more concerned to see the market churn sideways on high volume. What ever selling is taking place right now is most likely profit taking.