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 25, 2007

With two more days of distribution this week the market is telling us it's not a buyer's market. But we expect volatility to remain high, and would not be surprised by anything going forward. Thursday's distribution may actually be a bit of misnomer as the S&P 500's decline was marginal. Short-term pivot points on the charts are commonly marked by high volume. The 50-day MA will be the key marker in coming weeks.