VectorVest is pleased to announce the official opening of The VectorVest University. Classes are available immediately via the internet to all VectorVest subscribers at no charge. Simply log on to
http://www.vectorvest.com/vvuniversity and register for the course(s) of your choice.
The current curriculum is comprised of the following six classes:
1. Getting Started,
2. Finding the Right Stocks,
3. Testing Your Ideas,
4. Gaining the Traders Edge,
5. Putting it All Together, and
6. Introduction to the Simulator.
These classes typically last about 45 minutes and are given in both a live-format and in pre-recorded presentations. Each live-format class is given three times a week at 10:00AM, 2:00PM and 9:00PM (Eastern Time). The live-format classes require registration, but have the advantage of allowing you to ask questions. The pre-recorded classes are available 24/7 and can be viewed over and over again. We have been giving these classes for several weeks now and the feedback has been outstanding.
While we are very pleased with the success of the VV University so far, we will continue to travel about the country, giving live Product Reviews, Seminars, Options and Technical Analysis Courses and Executive Premier Workshops. Our new 4-CD Seminar Training Set is also available for those who wish to receive the in-depth presentations given at our Two-Day Seminars.
We also invite you to ask about our new "one-on-one" training service. It allows you to specify the training you wish to receive and one of our experts will work with you until you have it down pat. The charge is only $95.00 per hour. For more information, please call Sales at 1-888-658-7638.
Using VectorVest can be as easy as finger pecking a tune on a piano or it can be as complex as performing a Beethoven concerto. You decide how good you want to become and we will help you achieve your goal. So give it a try. Attend The VectorVest University.
"EXTREMELY OVERBOUGHT."
As you may recall, I was skeptical about the market extending its rally through July, but it did based upon strong earnings reports. Last Friday, however, I warned that the market was overbought, profit taking was increasing and Prudent Investors should take some profits and be careful about opening new positions. On Tuesday, I stated the market was "extremely overbought," and again advised caution. These statements elicited a number of questions as to what I meant by "overbought" and how did I know the market was "extremely overbought."
"Overbought" is nothing more than technical jargon signifying that stock prices have gotten ahead of themselves and are due for a pullback. How did I know this? No, I didn't hear it on CNBC. I saw it on our Market Timing Graph. First of all, I began to get leery when the MTI got to 1.57 on July 12th and failed to push higher for the next several weeks. This told me that the rally was getting tired and prices were more likely to go down than up. Secondly, I looked at the Buy/Sell Ratio, BSR. The BSR hit a peak of 3.87 on July 20th. After that it moved to lower highs even though the Price of the VectorVest Composite continued to go higher. This also told me the rally was losing steam.
Finally, I looked at the percent Sells as shown in the BSH% graphic. I have to admit I did this as a result of receiving an email from one of our subscribers. Although I didn't do what he had done, I observed that the market usually goes down shortly after the percent Sells hits or goes below 10%. The percent sells hit 10% on July 18, 19, 20, 25, 26, and August 1. Again, the market didn't have the oomph to push the Percent of Sells below 10%. On August 2nd, the percent Sells went up to 11% even though the Price of the VVC peaked and the percent Buys went up. When both the percent Sells and Buys go up on the same day, it means that traders were selling losers and chasing winners. This usually happens when the market is "Extremely Overbought."
