The Bears took over Wall Street today as continued concerns of the credit crisis fallout, a weakening Dollar and news of a $39 billion loss for GM pushed stock prices sharply lower. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive…
Bargain hunters threw caution to the wind today by pushing stock prices higher in the face of record oil prices and an all-time low on the Dollar. Some analysts call today’s action a relief rally, so be it. With three yellow lights and a DnDn situation Prudent Investors should…
You gotta give credit where credit is due and credit for today’s downdraft is due to additional worries over the credit crunch. With two red lights and a DnDn situation Prudent Investors should continue to take and protect profits and not buy stocks at this time.Aggressive Investors and Traders…
The Price of the VectorVest Composite fell for the second consecutive week yesterday, Thursday over Thursday, and the Buy/Sell ratio fell to below 1.00, thereby signaling a Confirmed Down, C/Dn, trend. Moreover, it continues to appear that the Price of the VVC is completing a double-top formation which suggests that stock…
Stock prices fell sharply today as investors began to fear the end of interest rate decreases along with a slower economy. This is not a good recipe for driving stock prices higher. With two red lights and a C/Dn situation Prudent Investors should not buy stocks at this time…