Monthly Archive: June 2002

Daily Update Tuesday, June 18, 2002

The markets closed mixed today, as neither the Dow nor the NASDAQ made a directional commitment today. Prudent Investors should continue to be cautious, but get their shopping lists ready. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. For those of you…

Daily Update Monday, June 17, 2002

The markets took off at the open today and never looked back as investors put aside worries of terrorist attacks, earnings disappointments and corporate accounting problems. Prudent Investors should get their shopping lists ready. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops….

The Oddfellows.

The Price of the V V C has now gone down for the fifth consecutive week, and our market timing indicators are well into oversold territory. The MTI is below 0.60 and the BSR is below 0.30. The low levels of these indicators…

Daily Update Thursday, June 13, 2002

A big drop in retail sales sent the market lower today and had investors second-guessing news of an economic recovery. Prudent Investors should continue to protect profits and stay on the sidelines. Aggressive Investors and Traders should play the market to the downside. For those of you who are…

Daily Update Wednesday, June 12, 2002

The major averages went up nicely today, but the Russell 2000 barely eeked out a gain. Prudent Investors should continue to protect profits and stay on the sidelines. Aggressive Investors and Traders should play the market to the downside. For those of you who are “Riding the Wave,” we…

Daily Update Tuesday, June 11, 2002

After an early rally, the Bears gained control of the market as Biotech and Semiconductor stocks were hammered. Prudent Investors should continue to be cautious, and protect long positions with Put Options. Aggressive Investors and Traders should play the market to the downside. For those of you who are…

Daily Update Monday, June 10, 2002

Bargain hunters nibbled away at stocks today overcoming fears of a “dirty- bomb” threat. Prudent Investors should continue to be cautious, and protect long positions with Put Options. Aggressive Investors and Traders should play the market to the downside. For those of you who are “Riding the Wave,” we…

Can You Believe It?

The day-to-day up and down swings of the market have now become intraday swings. How long will this go on? No one knows, of course, but many analysts believe the bottom of this Bear market will not be made until bargain hunters give…