From the Growth Stock Wire:

Stocks are on the verge of breaking down to new lows... and no one cares. That's a bad sign for anyone still leaning bullish.

Last month, we threw in the towel on the idea of a strong intermediate-term rally.

The action in the stock market simply didn't justify a bullish stance, and I suggested selling into any short-term strength. We got that strength a few days later.

Today, the S&P 500 is sitting right about where it was last month, and the conditions are even more bearish. Consider, for example, the put/call ratio.

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