Hopes that the government will come to a cost-effective agreement on a plan to relieve the credit crunch by week’s end and bargain hunters snagging up beaten down stocks caused a humongous rally on Wall Street today, but it recovered only half of yesterday’s losses. With three yellow lights…
Anxiety regarding the possible failure of the bailout situation caused stocks to open lower today; then fall sharply when the bill finally failed to pass. Hopefully, this was the panic sell-off that will mark the bottom of this market. But we’ll believe it when we see it. With three…
The Price of the VectorVest Composite fell $1.19 per share this week, extending the current down wave to 19 weeks from the May 16th high of $28.74 per share. With the MTI and BSR still at extremely low levels, I continue to look forward to a sustainable rally. But something of…
News of an imminent agreement on the credit crunch bailout spurred a sharp rally on Wall Street today. With one green light and an UpDn situation Prudent Investors may buy high VST-Vector, ‘B’ rated stocks long.Aggressive Investors and Traders should play the market to the upside.For those of…
Although stocks traded narrowly mixed today, ending up mainly to the downside, the Primary Wave is signaling Up because it is relating back to last Wednesday’s three-year low. The question is will that be the low for this Bear market. Given three consecutive down days and an UpDn…
Stock prices moved above and below the break even line throughout much of the day, but finally broke through the down side as Senators from both parties voiced objections to the $700 billion bailout proposal. With two red lights and a DnDn situation Prudent Investors should not buy…
The devil is in the details of the bailout plan and lord knows when this will be completed. We all know that oil futures shot up more than $25 a barrel today and that is not good for the stock market, so stock prices fell sharply. With three yellow…
The Price of the VectorVest Composite gapped open this morning, up $1.19, flashing a Green light and turning the Primary Wave to Up. Given that the Buy/Sell Ratio, BSR, went below 0.20 on Wednesday, signaling a grossly oversold market, and the powerful nature of this rally, we should be looking forward…