Monthly Archive: May 2008

No Lies.

The Price of the VectorVest Composite bottomed on March 17th and is now approaching the length of the 56-day bear market rally of April 4, 2001 to June 25, 2001. That rally peaked on May 22nd after gaining 21%. The current rally is now 52 days old and the peak, so…

Daily Update Thursday, May 29, 2008

A sharp drop in oil prices and an upward revision to the Q1 GDP report drove stock prices higher for the third consecutive day today. Stocks rotated noticeably today with interest sensitive and consumer issues moving higher and commodities going lower. With three green lights and an UpUp situation…

Daily Update Wednesday, May 28, 2008

Although orders for Durable Goods dipped in April, investors took comfort in noting that the indicator actually rose 2.5% in April once the volatile transportation sector was discounted. With two green lights and an UpUp situation Prudent Investors may buy high VST-Vector, ‘B’ rated stocks long. Aggressive Investors…

Daily Update Tuesday, May 27, 2008

Sharply lower oil prices spurred a rally today which was much better than one would have thought given the modest increase of the Major Indexes. Actually, the advance/decline ratio today was slightly better than two to one, which is very encouraging. With three yellow lights and a DnUp situation,…

Old King Coal.

Record high oil prices and worries over inflation sent investors to the sidelines with their profits this week. The BSR and the MTI closed lower for the week and the Primary Wave of the market turned to Dn on Wednesday. We will continue to watch the Canary and the MTI to…

Daily Update Thursday, May 22, 2008

Stock prices were pretty much range bound today with the Major Indexes closing slightly higher. With three yellow lights and a DnUp situation Prudent Investors should use caution when buying stocks at this time. Aggressive Investors and Traders may play the market up or down as it develops.For those…

Daily Update Wednesday, May 21, 2008

Record high oil prices continued to spur dreary economic news shaking investors and sending the Major Indexes downward today. With three yellow lights and a DnUp situation Prudent Investors should use caution when buying stocks at this time. Aggressive Investors and Traders may play the market up or down…

Daily Update Tuesday, May 20, 2008

Record oil prices, fears of inflation and plain old profit taking moved stock prices lower today, raising the caution flag. With three yellow lights and an UpUp situation Prudent Investors should use caution when buying stocks at this time. Aggressive Investors and Traders may play the market with a…