Monthly Archive: July 2003

Daily Update Monday, July 21, 2003

A disappointing report of the Index of Leading Economic Indicators sank the market today. Prudent Investors should protect and/or take profits. Aggressive Investors and Traders should play the market to the downside. If you are “Riding the Wave,” we are short with “1×50 MA Down.”You may see all the…

The New Leaders?

section shown below, you can see that we went short today with the “1X50 MA Down” strategy. We picked this strategy because we wanted to sell stocks that are moving down from a top. We didn’t use the RMA strategy since we had not illustrated it to you previously. We…

Daily Update Thursday, July 17, 2003

A warning from Nokia of weaker sales and profits sent tech stocks tumbling today. Prudent Investors should take and/or protect profits. Aggressive Investors and Traders should play the market to the downside. If you are “Riding the Wave,” we will sell all of our long positions and go short…

Daily Update Wednesday, July 16, 2003

Stocks moved lower today on a mixture of good and bad earnings news. With the market not acting very well, Prudent Investors should tighten their stop prices. Aggressive Investors and Traders should play the market up or down as it develops. For those of you who are “Riding the…

Daily Update Tuesday, July 15, 2003

The market was relatively quiet today, but the futures are up sharply on a favorable earnings report from Intel. Therefore, we expect tomorrow to be an up day. Prudent Investors may buy high VST-Vector, “B” rated stocks. Aggressive Investors and Traders should play the market to the upside. For…

Daily Update Monday, July 14, 2003

Favorable earnings reports from Citigroup and Bank of America lifted stocks higher today. Nevertheless, Prudent Investors remain cautious at this stage in the rally. Aggressive Investors and Traders should play the market to the upside. If you are “Riding the Wave,” we are long with an equal blend of…

Show Me the Money.

The MTI closed above its 15-Day MA on Monday and the Price of the VVC hit another rally high on Wednesday. These were good signs for the Bulls. However, the BSR and the MTI continue to hit lower highs. These signs show that…

Daily Update Thursday, July 10, 2003

The market fell sharply today as investors took profits in response to YHOO’s earnings announcement that did not exceed Wall Street’s expectation. Prudent Investors should remain on the sidelines. Aggressive Investors and Traders should play the market up or down as it develops. If you are “Riding the Wave,”…