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.

Tuesday, January 29, 2008

Not enough

If you look really close you can see Tuesday's buying volume came in just a tick above Monday's.

This is not the type of buying that qualifies as a Follow Through Day (FTD). What we need is a move of near 2% on a major index with heavy buying volume. This would tell us that institutions are supporting the market.

Until we see that, we're going to assume it's still a Bear out there.