Monthly Archive: December 2001

Daily Update Tuesday, December 18, 2001

Positive news of November’s housing starts and strong earnings reports for General Electric and Pfizer kept the market going upward today. However, we still believe that downside risk outweighs upside potential. Therefore, Prudent Investors should continue to take and/or protect profits. Aggressive Investors and Traders should play the market…

Daily Update Monday, December 17, 2001

Merger mania moved the markets today. We’ll have to see whether the rally continues, but until then, Prudent Investors should continue to take and/or protect profits. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. For those of you who are “Riding the…

Smitty’s Secrets.

It was a rough week for the market and our indicators, i.e., the MTI, RT and BSR, show that the market has peaked. Downside risk is greater than upside potential. Therefore, Prudent Investors should take and/or protect profits. Aggressive Investors and Traders should play…

Daily Update Thursday, December 13, 2001

Continued dismal news on the economic front sent both the Dow and the Nasdaq tumbling today. Prudent Investors should defer buying any new stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. For those of you who are “Riding…

Daily Update Wednesday, December 12, 2001

Rising concerns of future earnings performance stalled the markets today as both the Dow and the Nasdaq eked out small gains. Prudent Investors should defer buying any new stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. For those…

Daily Update Tuesday, December 11, 2001

Although the Fed lowered interest rates 0.25% , bad news from Merck destroyed today’s rally. Prudent Investors should defer buying any new stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. For those of you who are “Riding the…

Daily Update Monday, December 10, 2001

Investors were cautious today pending the Fed’s decision on rate cuts tomorrow. Prudent Investors should defer buying any new stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. For those of you who are “Riding the Wave,” we are…

User Group Competition.

While many of you were not pleased with my suggestion to take profits last week, the current rally is now eleven weeks old. It’s late in the rally and our indicators are at the high end of their ranges. This means that downside risk…