Stock prices retrenched today on the basis of disappointing earnings reports from Alcoa and AMD and in anticipation of additional dismal earnings reports. With three yellow lights and an UpUp situation Prudent Investors should use caution when buying stocks at this time. Aggressive Investors and Traders should play…
Stock prices opened sharply higher in early trading, but retrenched as the day moved on. The Major Indexes ended the day mixed, but the Price of the VVC managed to capture another six cent gain. With two green lights and an UpUp situation Prudent Investors may buy high…
commentary. Here’s what we said, “This formation is typical of important market bottoms and was vividly apparent in the August and October 2002 low points. So hang in there folks, things may be looking up soon.”Indeed they were. The BSR, affectionately called the Canary, demonstrated its unique analytical capabilities once…
The market survived an unfavorable jobless claims report today along with Dr. Bernanke’s defense of the Bear Stearns rescue with all of the Major Indexes rising modestly. More importantly, the Price of the VVC went up again today and the BSR closed above 1.00 signaling a Confirmed Upturn. So…
Wall Street digested yesterday’s enormous gains as all of the Major Indexes closed in the red. The Price of our VVC however, worked its way higher by eight cents a share, indicating that the rally is still intact. With one green light and an UpUp situation Prudent…
Was this April Fool’s Day or what? Amid another wave of negative economic news, optimism spread throughout Wall Street like wildfire today, driving stock prices sharply higher. Will the market slide once again down this slippery slope of hope? Probably, but not now. With one green light and an…