A weaker dollar, a negative court decision on drug prices and a weaker-that-expected outlook on the leading economic indicators sent stock prices sharply lower today. This may be the end of the spring rally. Prudent Investors should protect profits and go to the sidelines. Aggressive Investors and Traders should…
After warning you about the hazards of this market and spending two weeks on the sidelines, why did I go back into the market on Monday? It became obvious that investors are buying on the dips, making the risk of a big drop in stock prices relatively low. Moreover, the…
Tech stocks renewed their rally today pushing the market higher. Prudent Investors should continue to remain cautious in this overbought market. Aggressive Investors and Traders should play the market with a bias to the upside. If you are “Riding the Wave,” we are long with the QQQs and will…
The market was mixed today with the Advances and Declines about evenly balanced. Prudent Investors should continue to remain cautious, be selling covered calls and tightening stops. Aggressive Investors and Traders should be playing the market up or down as it develops. If you are “Riding the Wave,” we…
A terrorist attack in Saudi Arabia and some Merrill Lynch downgrades slowed the market down today. Prudent Investors should continue to remain cautious, be selling covered calls and tightening stops. Aggressive Investors and Traders should be playing the market up or down as it develops. If you are “Riding…
The market moved sharply higher today on an upgrade of Cisco Systems. Sooner or later this pop had to come along, but it was just a week later than we expected. Investors are chasing stocks and this may be the blow-off high that we were looking for. Nevertheless, we…
The BSR closed at an all-time high today, signaling that investors are buying all manner of stocks. But, it’s worth noting that the MTI is exactly where it was last week at 1.67. I don’t mean to throw cold water on Wall Street’s enthusiasm,…
Profit taking drove stock prices lower today. Prudent Investors should implement defensive measures such as tightening stops and/or selling Covered Calls. Aggressive Investors and Traders should continue to play the market on a day-to-day basis with a bias to the downside (Why do we have a bias to the…