Stock prices moved sharply downward today on a downgrade of Citigroup by a Goldman Sachs analyst. The Buy/Sell Ratio has now gone below the benchmark of 0.20 signifying that the market is terribly oversold, but it is still well above the low that was hit on August 16th. In…
The Price of the VectorVest Composite closed down today and is now down $1.89 from the October 12th high of $31.36 per share. However, it closed 30 cents higher today than the correction low of $29.17 set last Monday, November 12th. If it doesn’t go down at least 31 cents this…
Wall Street found a lot of things to worry about today and stock prices sold off sharply again in late trading. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside.For…
Bullish investors put a positive spin on the October PPI Inflation report and the October Retail Sales report along with some comforting comments from Bear Stearns, pushing stock prices higher in early trading. By the end of the day, reality set in and stock prices closed lower. With three…
Sensing an oversold market, bargain hunters, buoyed by a favorable earnings outlook from Wal-Mart, reassuring comments on subprime exposure and falling oil prices, rushed in to buy stocks today. From a practical standpoint, one needs to wonder whether today’s rally will be sustainable. With three yellow lights and a…
Bargain hunters moved in to push stocks higher, especially financial stocks, in early trading today, but the E-Trade write-down weighed heavily on traders as the day wore on. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders…
The Price of the VectorVest Composite has now gone down for the third consecutive week and the Buy/Sell ratio closed today at 0.41. If you’re looking for an estimate of how far the Price of the VVC could fall in this downturn, it’s interesting to note that it’s already down approximately…
Stocks moved sharply lower during the day, but regained considerable ground on the belief that the sell-off had been overdone. With one red light and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market to the downside.For those of…