Monthly Archive: January 2009

Taming the Tiger.

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…

Daily Update Thursday, January 29, 2009

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….

Daily Update Wednesday, January 28, 2009

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…

Daily Update Tuesday, January 27, 2009

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…

Daily Update Monday, January 26, 2009

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…

The Mother of All Reversals.

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…

Daily Update Thursday, January 22, 2009

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…

Daily Update Wednesday, January 21, 2009

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…