Monthly Archive: October 2008

Daily Update Tuesday, October 21, 2008

After a rollercoaster session, stock prices ended lower today on concerns over weaker earnings and gloomy forecasts. With one red light and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market up or down as it develops.For those…

Daily Update Monday, October 20, 2008

Signs of increased liquidity in the credit markets gave investors the courage to buy stocks today, sending stock prices sharply higher. Although our Primary Wave is still showing a Dn signal, we expect this rally to continue, so our guidance will be modestly Bullish. With three yellow lights and…

Time to Buy.

The Price of the VectorVest Composite closed at $19.17 per share today, up $0.58 from last Friday and up for the first time in four weeks. Are we out of the woods with this upturn? No, not by a long shot. The Price of the V V C needs to rise…

Daily Update Thursday, October 16, 2008

Stock prices rallied late in the day today for what appears to be a trader driven market. Nevertheless, the Primary Wave is Up and it is time to think about going back into the market. With three yellow lights and an UpDn situation Prudent Investors may buy stocks…

Daily Update Wednesday, October 15, 2008

Plunging Retail Sales and a gloomy Beige Book report of a slowing economy disheartened investors today, sending stock prices sharply lower once again. While it’s hard to believe that stock prices could go much lower, we have got to go with the flow. So with two red lights and…

Daily Update Tuesday, October 14, 2008

As anticipated, stock prices opened sharply higher today and the Primary Wave opened with an Up signal. However, the rally appeared to be over right from the get-go as stock prices moved lower throughout most of the day. With one red light and a DnDn situation Prudent…

Daily Update Monday, October 13, 2008

Stocks scored their largest single day rally today with the Price of the VVC soaring $1.85 per share as governments around the world moved to rescue their financial systems. Although we have a DnDn situation at this time, we will open tomorrow’s trading with an UpDn situation because the…

The Silver Lining.

The Price of the VectorVest Composite closed at $18.59 per share today, down $3.70 from last Friday and at its lowest close since September 26, 2003. The current downturn has now been extended to 21 weeks from the May 16th high of $28.74. This is getting to be a long time,…