True to form, the Price of the VectorVest Composite, V V C, broke out of the wedge pattern, (see the Market Timing Graph), with a good move to the resistance level of $28.20 per share; then the roof fell in. The sad thing about this pull-back is that the Price of…
Considering all the bad news, such as record oil prices, Bernanke’s gloomy economic output, weaker jobs data, the housing slump and a weaker dollar that hit investors today, an 18 cent drop in the Price of the VVC doesn’t sound so bad. With three yellow lights and an…
Although the Price of the VVC dropped a penny today, stock prices held up quite well in light of bad news regarding the housing industry and a sizable drop in January Durable Goods Orders. Dr. Ben Bernanke’s testimony to Congress did not seem to affect the market one way…
Investors bought on bad news today. This is typical of bear market rallies and of course it is not sustainable. Nevertheless, with one green light and an UpUp situation Prudent Investors may buy high VST-Vector, ‘B’ rated stocks long, but caution is advised. Aggressive Investors and Traders should play…
Stock prices soared this afternoon after Standard & Poor’s gave AAA ratings to Ambac Financial and MBIA Inc, two troubled bond insurers. The VVC has now gone above the high of last Wednesday and the high of February 13th. This is the first time that we have had a…
The Price of the VectorVest Composite, V V C, moved this week in an ever tightening apex of the wedge pattern discussed above and flashing Up and Dn Primary Wave signals with the smallest of moves. All of this reflects uncertainty, uncertainty, uncertainty. But do not despair. Wedge patterns do not…
A weak manufacturing report and another decrease in the Conference Board’s Index of Leading Economic Indicators were more than the market could handle today causing stock prices to move lower. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors…
Although there were several reasons for investors to take a bearish view today, stock prices went up. However, the Price of the VVC did not go up high enough to exceed last week’s level. Therefore, the Primary Wave is Dn. In order for this rally to establish itself, the…