Monthly Archive: August 2004

Daily Update Tuesday, August 31, 2004

The stock market was under water most of the day, but rallied to close slightly higher. Prudent Investors should remain cautious. Aggressive Investors and Traders should play the market to the upside. For those of you who are “Riding the Wave,” we sold several stocks today, but will not…

Daily Update Monday, August 30, 2004

The market moved lower today on very low volume as the normal summer lull was reinforced by security concerns today. Prudent Investors should take a cautious stance. Aggressive Investors and Traders should play the market up or down as it develops. For those of you who are “Riding the…

The VectorVest Intraday Timing System.

The Price of the V V C has now risen for the second consecutive Friday, giving a preliminary signal of a sustainable uptrend. It has crossed above the 40-day SMA on our Standard Market Timing Graph and above the 30-day WMA on the ProTrader graph. Moreover, the MTI is above 1.00…

Daily Update Thursday, August 26, 2004

A weak jobs report and a downgrade of Semiconductor stocks muddled the markets today. Prudent Investors should remain patient. Aggressive Investors and Traders should continue to play the market with a bias to the upside. For those of you who are “Riding the Wave,” we will go long tomorrow…

Daily Update Wednesday, August 25, 2004

Lower oil prices powered a day long rally today. Prudent Investors should get their shopping lists ready. Aggressive Investors and Traders should play the market with a bias to the upside. For those of you who are “Riding the Wave,” we are in cash. We will go long tomorrow…

Daily Update Tuesday, August 24, 2004

Lower oil prices didn’t help the market today and it appears that our brief rally is petering out. Prudent Investors should go to the sidelines and wait for a better entry point. Aggressive Investors and Traders should play the market up or down as it develops with a bias…

Daily Update Monday, August 23, 2004

A weak sales forecast by Wal-Mart scuttled an early rally today. Stocks ended the day mixed. Prudent Investors should continue to get their shopping lists ready. Aggressive Investors and Traders should play the market with a bias to the upside. For those of you who are “Riding the Wave,”…

The Protrader Market Timing Graph.

The Price of the V V C rose last week and the Primary Wave is Up. While the MTI and the DPO are still below 1.00, they’re fixing to go higher. So get ready to go long, but don’t bet the farm. This rally could be just strong enough to suck…