A combination of bargain hunters and short sellers covering positions produced a classic “dead cat bounce” today pushing prices modestly higher. With three yellow lights and a DnUp situation Prudent Investors should remain cautious and not buy stocks at this time.Aggressive Investors and Traders may play the market up…
The sum of all fears, a slower economy in China, a slowdown in U.S earnings growth, renewed geo-political tensions, a weak Durable Goods report, sub-prime lending concerns and the belief that the market was long overdue for a correction, came to roost today sending stock prices sharply downward around…
Growing concerns that a correction is long overdue weighed heavily on the market today. Making matters worse, former Fed Chairman Alan Greenspan suggested that there could be a recession later this year. This backdrop overshadowed any positive news that may have risen any time during the day. With three…
Hits Home Depot Profits,” said “The quarter offered further evidence that the house that former chief Robert Nardelli remodeled during his six years in charge has some deep seated flaws.” It then went on to say what the alleged flaws were. What the article says may or may not be…
Although the major indexes were mixed today, the Price of the VVC gained four cents. Therefore, with three green lights and an UpUp situation Prudent Investors may still buy high VST-Vector, ‘B’ rated stocks long.Aggressive Investors and Traders may play the market to the upside. For those of you…
A higher than expected CPI report rattled investors in early trading, but the NASDAQ Composite managed to end up in the green while the Dow and the S&P 500 closed slightly to the downside. Overall, the Price of the VVC rose one cent for the day. With two green…
The Bulls won another battle on Wall Street today as a good earnings report from Wal-Mart overshadowed bad news from Home Depot. Falling oil prices didn’t hurt either. With the Price of the VVC moving higher Prudent Investors may buy high VST-Vector, ‘B’ rated stocks long.Aggressive Investors and Traders…
Hardly anything could have been better for stock prices than Dr. Bernanke’s comments to Congress last Wednesday. Even today’s horrendous housing report couldn’t keep stock prices down today. While I really don’t like to buy stocks at this stage of an upwave, we’ve got to go with the flow Prudent…