Monthly Archive: December 2002

Daily Update Tuesday, December 31, 2002

The market was mixed today although the Price of the VVC managed to eke out a small gain. Prudent Investors should continue to protect profits, sell covered calls and not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside. If you are…

Daily Update Monday, December 30, 2002

The market was mixed today with Tech stocks taking the brunt of the selling pressure. Prudent Investors should continue to protect profits, sell covered calls and not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside. If you are “Riding the Wave,”…

New Beginning.

The Price of the V V C is now the fourth week of the current decline. Although there is still plenty of “feel good” optimism surrounding this market, the Santa Claus Rally failed to appear and the anticipated end-of-year blow-off rally is turning…

Daily Update Thursday, December 26, 2002

Although the Color Guard is reflecting a mildly Bullish situation, the improvements from last Thursday’s conditions are so minuscule that we need to remain defensive. Prudent Investors should continue to protect profits, sell covered calls and not buy stocks at this time. Aggressive Investors and Traders should play the…

Daily Update Tuesday, December 24, 2002

A lower than expected Durable Goods report and weak holiday sales stifled the Santa Claus rally as stocks moved lower on light trading. Prudent Investors should continue to protect profits, sell covered calls and not buy stocks at this time. Aggressive Investors and Traders should play the market up…

Daily Update Monday, December 23, 2002

Bargain Hunters ignored bad news on retail sales and higher oil prices, driving tech stock prices higher. Prudent Investors should continue to protect profits, sell covered calls and not buy stocks at this time. Aggressive Investors and Traders should play the market up or down as it develops. If…

A Christmas Bonus.

Although the Price of the V V C rose from last week, its two-week trend is still down. Both the one and two week trends of the MTI are also downward, indicating that the underlying strength of the…

Daily Update Thursday, December 19, 2002

The increased probability of armed conflict with Iraq weighed heavily on the market today. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market up or down as it develops. If you are “Riding the Wave,” we went short today with…