The Price of the VectorVest Composite suffered a huge loss of $0.64 per share today and is down $0.51 per share from last Friday. This move probably marks the end of the rally from the March 17th low. We will mark the onset of this new downturn from the May 16th…
The bulls stampeded down Wall Street today, driving stock prices sharply higher, as the good news of fewer jobless claims, positive retail data and a sizeable M&A deal outweighed the bad news of higher oil prices, rising interest rates and the financial downgrade of two crucial bond insurers. With…
Stock prices were choppy today with the potential downgrading of several major financial concerns offsetting the positive effects of lower oil prices. With the Price of the VectorVest Composite closing lower on a week-over-week basis, the Primary Wave is Dn. Therefore, with three yellow lights and a DnUp situation…
Falling oil prices did not save the market from going lower today as investors focused on financial concerns at Lehman Bros. and disappointing GM auto sales. With three yellow lights and an UpUp situation Prudent Investors should protect profits and use caution when buying stocks at this time. …
Stock prices moved sharply lower today as S&P downgraded three major U.S. banks, Wachovia’s CEO was fired and the U.K’s housing market continued to deteriorate. (For more on this subject, read Dr. DiLiddo’s 11/30/07 essay, The Housing Bubble British Style.) With three yellow lights Prudent Investors should protect profits…