Monthly Archive: August 2008

Daily Update Tuesday, August 19, 2008

A hefty jump in Wholesale Inflation, a drop in New Home Construction, rising oil prices and continued concerns over the financial crisis weighed on investors’ minds sending stock prices sharply lower for the second straight day. With three red lights and a DnDn situation Prudent Investors should not…

Daily Update Monday, August 18, 2008

Stock prices fell sharply today due to negative speculation of the demise of Freddie Mac and Fannie Mae along with continued concerns over the housing market and credit crisis. With two red lights and a DnUp situation Prudent Investors should not buy stocks at this time. Aggressive Investors…

ETF Magic.

The Price of the VectorVest Composite continued its bumpy march to higher ground this week and has now closed higher for the fifth consecutive week. Although it closed Monday above the July 30th price of $26.55 per share as we had hoped, it has not shown the follow-through strength needed to…

Daily Update Thursday, August 14, 2008

Stock prices began the day in negative territory due to a worrisome CPI report of a very high inflation rate, but they moved higher throughout the day as oil prices fell and investors’ stepped in to buy beaten down financial stocks. With three yellow lights and an UpUp situation…

Daily Update Wednesday, August 13, 2008

A weak Retail Sales report, rising oil prices and several downgrades from the financial sector pushed the Major Indexes sharply lower today. However, there were more advances than declines and the Price of the VVC ended higher. Therefore, with one green light and an UpUp situation Prudent Investors…

Daily Update Tuesday, August 12, 2008

Downbeat news from JPMorgan Chase and other financial companies renewed investors’ concerns about the current credit crisis pushing stock prices sharply lower today. With three yellow lights and an UpUp situation Prudent Investors may buy high VST-Vector, ‘B’ rated stocks long, but caution is advised. Aggressive Investors and…

Daily Update Monday, August 11, 2008

Stock prices moved up nicely today, but gave back some of their gains in late afternoon trading after comments from the Fed that banks are tightening their lending standards and oil prices pulled away from their lows. With one green light and an UpUp situation Prudent Investors may…

Become One of the Best.

In spite of tremendous volatility, the Price of the VectorVest Composite has closed higher for the fourth consecutive time on a Friday to Friday basis. However, it now needs to close above the July 30th price of $26.55 per share to exhibit the strength to break out of the trading range…