Although the support level of $20.32 that we spoke of last week was broken intraday on Monday, the Price of the V V C closed at $20.43 per share. This action, along with the stunning reversal on Tuesday suggests that the market hit bottom on Monday. The Primary Wave gave an…
The Bulls were bargain hunting again today and with the Primary Wave giving us an Up signal, it appears that the market bottomed on Monday. Prudent Investors should get their shopping lists ready. Aggressive Investors and Traders should play the market up or down as it develops with a…
An unfavorable Durable Goods report and rising oil prices drove stock prices sharply lower early today; then a relatively favorable “Beige Book” report pushed prices sharply higher. Prudent Investors should continue to be defensive and not buy stocks at this time. Aggressive Investors and Traders should play the…
Good earnings reports and a very good Consumer Confidence report triggered a buying rally on the markets today. Prudent Investors should continue to remain cautious. Aggressive Investors and Traders should play the market up or down as it develops. For those of you who are “Riding the Wave,” we…
Positive housing data and better-than-expected earnings news from American Express failed to overcome investors’ feelings of uncertainty about the market as they drove stocks down again today. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market with a bias to…
The Price of the V V C has now completed its fourth consecutive down week and is 5.3% below its June 30 close of $21.74 per share. Although the NASDAQ Composite, (IXIC), has fallen to a new low for the year, the Price of the V V C is still $0.26…
It looks like large cap stocks are beginning to move higher and small cap stocks are lagging behind. Given this scenario, the major indexes moved higher today while the Price of the VVC moved lower. Prudent Investors should remain cautious. Aggressive Investors and Traders should play the market up…
Investors, feeling less-than-confident about second quarter earnings growth, sent the market spiraling downward today. Prudent Investors should continue to be defensive and not buy 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…