Monthly Archive: May 2004

Daily Update Tuesday, May 18, 2004

The market bounced back today, but conviction was lacking as trading volume was light. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market to the downside. For those of you who are “Riding the Wave,” we are short with selections…

Daily Update Monday, May 17, 2004

A plethora of problems, international and economic, pummeled the market today. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market to the downside. For those of you who are “Riding the Wave,” we are short with selections from the “Gravity”…

P/E Compression.

How long will it last, asked Mr. Cramer. For all intents and purposes, the market peaked on January 26, 2004. Yes, the Price of the V V C has been slightly higher since then, but the BSR hit 6.07 on that day and hasn’t been close to that level since then….

Daily Update Thursday, May 13, 2004

The market closed mixed today on light volume as investors took a wait and see attitude. Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market up or down as it develops. For those of you “Riding the Wave,” we are short…

Daily Update Wednesday, May 12, 2004

The market started down sharply today then recovered most of its losses. So we had a reversal day, it means that the Bulls are beginning to regain control of the market. It is still too early for Prudent Investors to buy any stocks at this time. Aggressive Investors and…

Daily Update Tuesday, May 11, 2004

Positive earnings news in the Tech sector drove the market higher today as the major indexes closed with their first positive gain in five days. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market up or down as it develops….

Daily Update Monday, May 10, 2004

The fear of higher interest rates drove stocks down again today. Prudent Investors should not buy any stocks at this time and should take defensive actions. Aggressive Investors and Traders should play the market to the downside, sell stocks short or buy Puts. For those of you who are…

The Investor’s Edge.

Stock prices were crushed over the last two days and the Price of the V V C has now fallen below its support level of $21.10 per share. Note that the 50-day simple moving average (SMA) of the Price of the V V C is now in a downtrend and is…