The market moved higher at the open today and got a big boost from the Fed, as we said it would, as they lowered interest rates by 50 basis points to 4.75%. With one green light and an UpUp situation Prudent Investors may buy high VST-Vector, ‘B’ rated…
Investors hedged their bets and took money off the table today in anticipation of tomorrow’s FOMC meeting. Although it is virtually certain that the Fed will lower its key interest rate tomorrow, there is considerable uncertainty as to what else it might say or do. With three yellow lights…
In a week of cautious trading, the Price of the VectorVest Composite, VVC, closed at $29.51 per share today, up $0.31 from last Friday and up $0.03 from yesterday. Although the Primary Wave is Up again, the Price of the VVC is still 26 cents below the rally high of $29.77…
The news that Countrywide Financial had secured $12 billion in added financing relieved some of investors’ concerns surrounding the housing and credit markets pushing stock prices sharply higher today. With three yellow lights and a DnDn situation Prudent Investors should use caution when making new purchases.Aggressive Investors and Traders…
Although investors remain confident that the Federal Reserve will lower interest rates next week, stocks ended the day flat as oil soared and the Dollar tumbled. With one red light and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the…
Stock prices opened higher today and moved upward on two mini rallies. Neither the sixth anniversary of 9/11 nor Dr. Bernanke in Germany had much impact on the market. With three yellow lights and a DnDn situation Prudent Investors should use caution when buying stocks at this time.Aggressive Investors…
Stock prices opened higher today, then went down and up and closed as they moved lower. Overall, they were little changed with the major indexes ending mixed. Of course, this is all due to the uncertainty of what the Fed is going to do with interest rates. With three…
Bad news of a weak August jobs report hit the fan this morning and the red ink flowed freely on Wall Street. The Price of the VectorVest Composite fell $0.43 today to $29.20, and has now fallen for the second consecutive week. Will this move test the August 16th low of…