Stock prices had a blow-off rally on Wednesday and it’s been downhill ever since. Given the appearance of the Wicked Wedge, will the market rally or collapse from here? Since the Price of the VectorVest Composite fell $0.01 per share from last Friday, our indicators are saying to play the market…
With unemployment claims soaring to a new high and new home sales hitting a record low, investors became cautious today sending stock prices plummeting. With stock prices crashing today, three yellow lights and an UpDn situation, it’s impossible to guess which way the market is likely to go tomorrow….
Stock prices soared today on hopes the government would create a “bad bank” to purchase toxic assets, like defaulting mortgages, from regular banks to help ease the credit crises. At $18.10 per share, the Price of the VectorVest Composite is at its highest level since January 13th and looks…
Even though the Conference Board released its worst Consumer Confidence Index report since 1967, investors were heartened by better-than-expected earnings reports today and moved stock prices modestly higher. The Price of VectorVest Composite went up for the third consecutive day, but conviction appears to be lacking. The Price of…
Investors chose to accentuate the positive, (a $68 billion takeover of Wyeth by Pfizer), and eliminate the negative, (downbeat comments from Caterpillar and a slew of job cut announcements), to send the Major Indexes sharply higher at the open, but to finish the day only slightly higher in a…
to use at any particular moment in time? That is the $64,000 question and all I can do is share with you what I do.The first thing I do is to see what the market is doing by consulting the Color Guard shown on the Home Page. If it is…
Poor economic data, 589,000 jobless benefit claims and a record low 550,000 annualized new housing starts, along with a disappointing earnings report from Microsoft sent stock prices sharply lower today. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and…
A better-than expected earnings report from IBM and a rebound from the financial sector drove stock prices sharply higher today, recovering nearly all of yesterday’s losses. With three yellow lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the…