Stock prices soared today powered by better-than-expected earnings from Goldman Sachs and Lehman Brothers and by the 75 basis point interest rate cut by the Fed. The Price of the VectorVest Composite needs to go up only nine cents tomorrow for the Primary Wave to move to Up. Therefore…
The U.S. stock market opened in near panic mode this morning after the weekend deal was reported of the sale of Bear Stearns to JP Morgan for $2 a share. In an attempt to save the day, the Fed weighed in with another cut in the discount rate. It…
What looked to be an up week for the Price of the VectorVest Composite was aborted by today’s $0.45 drop. Now we have to see whether the Fed and its anticipated rate cut can trigger a sustainable rally in stock prices. This downtrend is now 19 weeks long and approaching the…
After a brutal start, stock prices moved steadily higher today after Standard & Poor’s predicted that asset write-downs are nearing an end. With three yellow lights and an UpDn situation Prudent Investors should use caution when buying stocks at this time. Aggressive Investors and Traders should play the market…
What a difference a day makes. Yesterday’s euphoria vanished this afternoon as profit takers moved in and the specter of higher oil prices and a lower dollar returned to haunt investors. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive…
The Fed didn’t lower interest rates today, but they took action to increase liquidity in the financial markets and stock prices exploded. Since this action was specifically targeted to assist financial institutions, the Fed may still lower interest rates at its next FOMC meeting. Therefore, this rebound may continue…
Stock prices fell sharply today on slightly less than average volume and it seems to me that we might be getting close to a bottom here. Nevertheless, the reasons for the sell-off were the same old problems, higher oil prices, financial concerns, a slower economy and so on. With…
Believe it or not, a bullish divergence has been created between the Price of the VectorVest Composite, V V C, and the Market Timing Indicator, MTI. Note that while the Price of the V V C closed just a hair lower than the January 22nd low of $26.60 per share today,…