Monthly Archive: November 2008

Daily Update Monday, November 17, 2008

The market opened lower today on concerns of deepening recession worries; it fought back to be marginally neutral through most of the day, but took a steep dive just before the close. Although many, many advisors are saying this is a great time to buy stocks, the market’s behavior…

Strangers in Paradise.

On Tuesday, the Price of the VectorVest Composite crashed through the $18.53 support level we had identified last week. It moved lower on Wednesday; then fell through the October 27th support level of $17.12 on Thursday, but soared $1.50 per share in the last 3 hours of trading to successfully test…

Daily Update Thursday, November 13, 2008

The market tested the bottom today at approximately 1 00 PM and took off like a bird. Is this the turnaround that we have been looking for? Nobody knows for sure. So let’s see if the Primary Wave turns Up tomorrow. With three yellow lights and a DnDn situation…

Daily Update Wednesday, November 12, 2008

Stocks opened to the downside; then received the shove over the cliff by Mr. Paulson, who doesn’t even act like he knows what he is doing, and finally we got bad news from Intel after the market closed, so we can expect more of the same tomorrow. Let’s hope…

Daily Update Tuesday, November 11, 2008

Continuing economic woes rattled investors today sending stock prices sharply lower. 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 to the downside.For those of you who are “Riding the Wave”, we…

Daily Update Monday, November 10, 2008

A massive China rescue plan pushed stocks higher in early trading, but concerns over bailouts, bankruptcies and other economic concerns brought stocks lower for the day. Although the Price of the VVC has not broken below the support level we cited last Friday, we are looking for the market…

Bear Market Rallies.

Is the market forming a base for a powerful year-end rally? The Price of the VectorVest Composite found support today at $18.53 per share and it will see resistance at $20.00 per share. If it breaks through this level to the upside, we could have a nice rally going into the…

Daily Update Thursday, November 6, 2008

The gloomy outlook for Cisco Systems mentioned in yesterday’s Color Guard and a weak Retail Sales report combined to push stock prices sharply lower. With two red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market…