Monthly Archive: May 2006

Daily Update Wednesday, May 31, 2006

Stock prices bounced back today, but it’s too early to be Bullish. With three yellow lights and the MTI below 1.00, 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 who…

Daily Update Tuesday, May 30, 2006

The wall of worry caved in on the Bulls today as stock prices moved sharply lower. The Price of the VVC dropped $0.41 today which is a very large drop. Is this the downside capitulation we were looking for? I don’t think so. Therefore, Prudent Investors should not buy…

The Chairman’s Challenge Runners-Up.

The market made a nice bottom on Wednesday, had its best up day in more than a month on Thursday and extended the rally today, driving the Price of the VectorVest Composite above last Friday’s close. While this is a bullish sign, the Price of the VVC needs to go up…

Daily Update Thursday, May 25, 2006

Bargain hunters finally got their way today as stock prices moved higher from the opening bell to the end of trading. One strong up day does not make a trend, so Prudent Investors should remain cautious and not buy any stocks at this time. Aggressive Investors and Traders should…

Daily Update Wednesday, May 24, 2006

The market was volatile again today, but it is hard to say whether the Bulls or the Bears won. The generals gained ground while the troops got slaughtered. With the Price of the VVC moving lower and three red lights, Prudent Investors should not buy any stocks at this…

Daily Update Tuesday, May 23, 2006

Early day bargain hunters were battered by late day profit takers as stock prices ended lower today. With two red lights and a DnDn situation, Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market to the downside, but they should…

Daily Update Monday, May 22, 2006

Although stock prices rallied in late afternoon trading, they ended the day sharply lower. Prudent Investors should not buy stocks at this time and take and/or protect profits. Aggressive Investors and Traders should play the market to the downside. For those of you who are “Riding the Wave,” we…

No Mo Mojo.

The canary died on Wednesday, May 10th and the Price of the VectorVest Composite has fallen $1.52 per share since then. This is the largest eight day drop since July 2002. The Price of the VVC fell for the second consecutive week yesterday and with the BSR below 1.00, it gave…