Profit-taking late in the day wiped out an early rally. Prudent Investors should remain cautious and not buy any stocks at this time. Aggressive Investors and Traders should play the market up or down as it develops. For those of you who are “Riding the Wave,” we are in…
Negative earnings news from Citigroup and Caterpillar caused the Dow to move lower, while positive earnings news from ALTR and BMC caused NASDAQ to move higher. Although the Color Guard is somewhat Bullish, we must remember that the market is overextended. Therefore, Prudent Investors should remain cautious and not…
Profit-takers stepped in today and moved the market lower. Although one day does not make a trend, this may be the beginning of the end. Prudent Investors should remain cautious and not buy any stocks at this time. Aggressive Investors and Traders should play the market up or down…
I never thought it would happen, but our indicators have soared to new rally highs. Does this mean that we’re in a second stage blast-off from the September lows? I don’t think so. Our indicators never stay at these levels very long. Last…
The market exploded higher today on more evidence that the Semi-Conductor Industry is turning around. The behavior of this market looks like it is taking the form of a blow-off. So, Prudent Investors should not chase stocks at this point. Aggressive Investors and Traders should play the market…
Although the market ended higher today, we must recognize that the late-day rally was very thinly traded and concentrated mostly in the tech stocks. Therefore, Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis as it…