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, December 13, 2007

Benefit of the doubt

The Dow and S&P 500's look vulnerable just under their 50-day averages, but we have to give them the benefit of the doubt as volume indications tell us they're being sponsored by the institutions.

But considering the market can't seem to get it going after the Fed's action this week, it's hard to see what might inspire buyers to muscle price action higher into the end of the year.