Monthly Archive: July 2008

Daily Update Wednesday, July 9, 2008

Renewed concerns over the strength of the financial sector gave the Bears the upper hand today pushing stock prices sharply lower. With three red lights and a DnDn situation Prudent Investors should not buy any stocks, with the exception of Contra ETF’s, at this time.Aggressive Investors and Traders…

Daily Update Tuesday, July 8, 2008

Reassuring comments from Fed Chairman, Ben Bernanke, about the financial sector and falling oil prices drove stock prices and all of the Major Indexes higher today. With three yellow lights and a DnDn situation Prudent Investors should not buy any stocks at this time.Aggressive Investors and Traders should…

Daily Update Monday, July 7, 2008

Stock prices opened higher today in typical sucker rally mode; then fell sharply on financial concerns. They finally recovered in afternoon trading, but still ended down. With three red lights and a DnDn situation Prudent Investors should not buy any stocks, except Contra ETF’s, at this time.Aggressive Investors…

The Truth Chart.

The Price of the VectorVest Composite fell today for the sixth consecutive day and closed below the key support level of the March 17, 2008 low. It has also gone down in six of the last seven weeks. Our key indicators, i.e., the MTI and BSR, are now in classic rebound…

Daily Update Wednesday, July 2, 2008

Stock prices opened to the upside in early trading; then move steadily lower under the pressure of $144 per barrel of oil and a bearish report on GM. Please note that the Price of the VVC is within six cents of the low set on March 17th. This is…

Daily Update Tuesday, July 1, 2008

After being down as much as 41 cents by midday, the Price of the VectorVest Composite climbed higher in the afternoon to close down only $0.05. However, each of the Major Indexes closed modestly higher. With three red lights and a DnDn situation Prudent Investors should not buy stocks…