Vectorvest Comments.
From VV:
Our Market Timing Indicator, (MTI) which combines the trends of the Price of the VVC, the RT and the BSR into a single indicator, closed at 0.58, up 0.06 points from yesterday, but down 0.03 points from last Thursday. Since it is below 1.00, the underlying trend of the market is Down.
SUMMARY: With three yellow lights, the caution light is on and the Color Guard is Neutral. With the Price of the VVC moving higher on a week-to-week basis and the MTI below 1.00, we have an UpDown situation.
STRATEGY: Bad news was not as bad as expected, therefore the market said that it was good news and Blue Chip stocks went up while Nasdaq marked time. Prudent Investors should continue to remain cautious. Aggressive investors and Traders should play the market up or down as it develops. For those of you who are "Riding the Wave" we are short with the "Worst Stocks over $20.00." We will cover any positions that close above their 20-day MA and not replace them with other selections.
The top 5 shorts on the "Worst Stocks" list are, in this order:
NVLS TKTX KLAC LLTC and ADI.
incog
