A better-than-expected earnings report from Bank of America was not enough to overcome rising oil prices, causing the Major Indexes to end the day lower. There were more advances than declines today however, and the Price of the VVC went up. With three yellow lights and an UpDn situation…
section of these Views, we advised Prudent Investors not to buy stocks. We advised Aggressive Investors to play the market to the downside, and we were in cash in the Model Portfolio. Moreover, our ” ” was that of “Protecting Profits.”Sure enough, the Price of the V V C crashed…
Positive economic data, falling oil prices and better-than-expected earnings reports from JPMorgan Chase and United Technologies gave the Bulls the upper-hand today pushing stock prices and all of the Major Indexes sharply higher. With one green light and an UpDn situation Prudent Investors may continue their bottom-fishing and…
A surprisingly good earnings report from Wells Fargo and an increase in its dividend sparked an explosive rally in financial stocks today. Although the CPI came in with the highest inflation rate in years and years, a drop in oil prices for the second straight day encouraged Bulls to…
Stock prices moved lower again today for the ninth straight time as investors struggled under a wicked mix of wholesale price inflation, slumping dollar and continued worries over the credit markets. Through it all, our indicators show that the market is continuing to consolidate and we are now looking…
Stock prices opened higher today on news of a government plan to support Fannie Mae and Freddie Mac, but fell throughout most of the day on continued fears of further financial troubles for other banks. Overall, the Price of the VectorVest Composite fell to a lower low in the…
Although the Price of the VectorVest Composite fell this week for the seventh time in the last eight weeks, it went down only $0.15 per share and the BSR actually went up 0.01 points. The downward momentum has dissipated. It is also important to note that the Price of the V…
Although trading was choppy throughout most of the day, a late rally managed to push stocks to close higher. It appears that the market may have hit its low point earlier this week. With three yellow lights and a DnDn situation Prudent Investors should not buy any stocks…