Monthly Archive: June 2008

Daily Update Monday, June 30, 2008

Stocks ended the quarter on a modestly down note today as the price of oil and problems in the financial sector continue to dominate the news. With one red light and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play…

Extended Hours.

The Price of the VectorVest Composite fell again this week and is now down five of the last six weeks. It’s important to note, however, that we’re seeing the early signs of a bottom. After yesterday’s large loss, the Price of the V V C fell only $0.06 per share today….

Daily Update Thursday, June 26, 2008

In the midst of soaring oil prices, downgrades of GM and Citigroup and announcements of job cuts on Wall Street, the Bears took control today driving prices sharply lower. With two red lights and a DnDn situation Prudent Investors should not buy stocks, with the exception of Contra ETF’s,…

Daily Update Wednesday, June 25, 2008

The Fed left the target Fed Funds interest rate unchanged at 2.00% and delivered a statement that “had nothing for everybody.” As usual, stock prices spiked higher after the Fed announcement; then pulled back to below where they were before the announcement. The market closed modestly higher for the…

Daily Update Tuesday, June 24, 2008

A 16-year low on the Conference Board’s Consumer Confidence survey, a 15.3% drop in April home prices, rising oil prices and a gloomy outlook for corporate earnings pushed stock prices lower today. With three red lights and a DnDn situation Prudent Investors should not buy stocks, with the exception…

Daily Update Monday, June 23, 2008

Stocks traded narrowly to the downside today as investors began to wait for the outcome of this week’s FOMC meeting. Financials took a big hit by a downgrade from Goldman Sachs. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors…

Beating the Market.

The Price of the VectorVest Composite fell $0.41 per share today, closing at $27.35 and $0.05 below the downturn low of $27.40 set on June 11th. Breaking below June 11th’s low sets the next major support level at March 17th’s price of $25.87 per share. The Price of the V V…

Daily Update Thursday, June 19, 2008

Stock prices closed modestly higher today on choppy trading. Prices of energy producing industries tumbled and prices of energy consuming industries, e.g., transportation soared as the price of crude oil fell sharply to close at $131.93 a barrel. With one green light and two yellow lights and an UpDn…