Disappointing results from IBM, Johnson & Johnson and Goldman Sachs forced the Major Indexes to begin the day in negative territory, however, stock prices managed to finish modestly higher on optimism over another wave of forthcoming earnings releases. With three yellow lights and a DnDn situation Prudent Investors should…
Poor Housing Starts data pushed stock prices briefly lower this morning; however, stock prices rebounded in the afternoon as investors shifted their focus to several earnings reports scheduled to be released this week. With three yellow lights and a DnDn situation Prudent Investors should build cash, remain on the…
Since the Price of the VectorVest Composite closed at a rally high on April 23, 2010, it has changed direction, on a Friday-to-Friday basis, nine times in the last twelve weeks. This erratic behavior has been bound by a series of lower highs and lower lows, compounding the pain of a…
Weak Manufacturing data and a decline in Producer Prices outweighed upbeat earnings reports today causing stock prices to finish the day slightly lower. With three yellow lights and an UpDn situation Prudent Investors may go bargain hunting and bottom fishing provided that the market moves higher tomorrow.Aggressive Investors and…
A weak Retail Sales report combined with a dismal economic outlook from the Federal Reserve caused investors to take profits today and the Major Indexes ended mixed. With three yellow lights and an UpDn situation Prudent Investors may continue to go bargain hunting and bottom fishing provided that the…
Upbeat earnings reports from Alcoa and CSX boosted investor confidence today driving stock prices sharply higher. With three yellow lights and an UpDn situation Prudent Investors may continue to go bargain hunting and bottom fishing provided that the market moves higher again tomorrow.Aggressive Investors and Traders should play the…
Awaiting releases of several second quarter earnings reports, investors remained cautious today causing the Major Indexes to end only slightly higher. With three yellow lights and an UpDn situation Prudent Investors may continue to go bargain hunting and bottom fishing provided that the market moves higher tomorrow.Aggressive Investors and…
Have we seen a bona fide bottom to the downturn from the April 23rd high? What do I mean by “bona fide bottom?” I mean a bottom that leads to a sustainable rally, i.e., one that lasts six to eight weeks. I think so, since the Buy/Sell Ratio, BSR, and other…