Wedge Graph
Wedge Graph
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 New Taylor Made RAC LT2 SW Sand Wedge S flex graph $49.99 Time Remaining: 24d 9h 30m Buy It Now for only: $49.99 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 12h 33m |
 CALLAWAY Golf RAZR Sand Wedge SW Graph REG Polished Beauty Razor FREE SHIP $79.00 Time Remaining: 25d 10h 47m Buy It Now for only: $79.00 |
 New Nicklaus Golf Polarity HP Gap Sand 52 and 56 2 Wedge Set Senior Graph $39.99 Time Remaining: 4d 16h 53m Buy It Now for only: $39.99 |
 New Taylor Made LT2 SW Sand Wedge R flex graph $35.00 Time Remaining: 2d 34m Buy It Now for only: $35.00 |
 Square Two Ladies LH Finesse Sand Wedge Graph Ladies LH $7.44 Time Remaining: 6d 11h 33m Buy It Now for only: $7.44 |
 King Cobra Oversize Gap Wedge Sand Wedge Graph Reg 125 48 $28.00 Time Remaining: 19d 53m Buy It Now for only: $28.00 |
 Wilson Staff Di7 Di 7 Gap Wedge GW Graph V2 Uniflex NEW $49.99 Time Remaining: 2d 9h 28m Buy It Now for only: $49.99 |
 NICE 3 PIECE PING TOUR GREEN DOT WEDGE SET 52 56 60 AW SW LW PING TFC 100 GRAPH $114.99 Time Remaining: 3d 6h 45m Buy It Now for only: $114.99 |
 Tad Moore Titanium face 3 LW iron set Graph S flex R wedges 11 irons total $30.00 Time Remaining: 13h 31m |
 NEW NIKE VICTORY RED FULL CAVITY SAND WEDGE STIFF GRAPH $90.00 Time Remaining: 12d 16h 8m Buy It Now for only: $90.00 |
 Callaway Big Bertha Steelhead X 14 Pitching P Wedge Graph Regular 125 75 $38.00 Time Remaining: 25d 52m Buy It Now for only: $38.00 |
 Callaway Jaws 58 13 LW Fujikura 95ST Graph Wedge Flex $69.99 Time Remaining: 14d 1h 33m Buy It Now for only: $69.99 |
 Power Bilt EX 200 Sand Wedge Golf Club New purple Ladies flex graph 56 degrees $29.99 Time Remaining: 6d 4h Buy It Now for only: $29.99 |
 Left Handed Cobra SS Oversize 55 Degree Wedge Graph Stiff $19.00 Time Remaining: 18d 1h 13m Buy It Now for only: $19.00 |
 TAYLORMADE Golf R7 CGB Max A GAP Wedge GW Graph Stf Club Beauty FREE Ship $129.00 Time Remaining: 21d 4h 15m Buy It Now for only: $129.00 |
 Dunlop Fz Tour Oversize Lob Wedge Graph Golf Club 60 dg $22.49 Time Remaining: 4d 7h 15m Buy It Now for only: $22.49 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 1d 5h 33m |
 Cobra 3400 I XH Gap Wedge Graph Reg 125 47 $45.00 Time Remaining: 19d 39m Buy It Now for only: $45.00 |
 goldwin avdp system oversize 10 PW Wedge iron graph $29.99 Time Remaining: 1d 12h 40m Buy It Now for only: $29.99 |
 Daiwa Hi Trac TCS Sand Wedge SW Graph Shaft R2 Hi Trac $49.90 Time Remaining: 3d 2h 1m Buy It Now for only: $49.90 |
 New US Kids PL 3 Golf 56 12 Sand Wedge Performance graph shaft yellow system $29.99 Time Remaining: 22d 4h 41m Buy It Now for only: $29.99 |
 NEW NIKE VICTORY RED FULL CAVITY LOB WEDGE STIFF GRAPH $90.00 Time Remaining: 12d 16h 8m Buy It Now for only: $90.00 |
 MIURA FORGED CUSTOM IR0NS PP 9003 AND FORGED WEDGES 5 PW+GW+SW GRAPH GREAT COND $1,199.99 Time Remaining: 24d 7h 54m Buy It Now for only: $1,199.99 |
 129 MSRP LEFT HAND NIKE SLINGSHOT HL 56 SAND WEDGE REGULAR FLEX GRAPH SHAFT $79.99 Time Remaining: 1d 10h 57m Buy It Now for only: $79.99 |
 LH WILSON STAFF DI7 55 SAND WEDGE GRAPH MINT $4.99 Time Remaining: 1d 11h 16m |
 LH Bullet 444 Pitching Wedge PW 37LGraphSuper C $29.99 Time Remaining: 19d 11h 21m Buy It Now for only: $29.99 |
 Callaway X 22 Sand Wedge Graph LADIES WOMENS X22 SW NEW $99.99 Time Remaining: 5d 13h 56m Buy It Now for only: $99.99 |
 Dunlop Fz Tour Oversize Sand Wedge Graph Golf Club New $22.49 Time Remaining: 4d 7h 13m Buy It Now for only: $22.49 |
 129 MSRP LEFT HAND NIKE SLINGSHOT HL 50 APPROACH WEDGE STIFF FLEX GRAPH SHAFT $79.99 Time Remaining: 1d 10h 45m Buy It Now for only: $79.99 |
 Ladies Lynx Crystal Cat Pitching Wedge Graph Womens Winn Grip Very Nice $22.00 Time Remaining: 9d 2h 51m Buy It Now for only: $22.00 |
 SQUARE TWO RAVE SAND WEDGE STIFF FLEX GRAPH RIGHT HAND $24.99 Time Remaining: 1d 2h 53m Buy It Now for only: $24.99 |
 New COBRA SZ AW Gap Wedge Aldila DVS HL R Flex Graph $49.99 Time Remaining: 11d 8h 7m Buy It Now for only: $49.99 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 1d 12h 33m |
 TAYLORMADE Golf R7 CGB Max Sand Wedge SW Graph Stf Club Beauty FREE Ship $129.00 Time Remaining: 21d 4h 11m Buy It Now for only: $129.00 |
 Wilson Staff Di5 Lob Wedge Graph Nanotech LEFT LW NEW $29.99 Time Remaining: 23d 2h 43m Buy It Now for only: $29.99 |
 Ladies Callaway Big Bertha 2002 Model 50 Gap W Wedge Graph Ladies Very Nice $39.99 Time Remaining: 23d 2h 38m Buy It Now for only: $39.99 |
 LH LADIES CLEVELAND CG16 SATIN CHROME 56 SAND WEDGE GRAPH VERY GOOD $64.99 Time Remaining: 27d 22h 58m Buy It Now for only: $64.99 |
 NIB 10Pc Golf Club Set MacTec NVG2 3 9 Irons 60 deg Wedge Graph Driver Putter $399.00 Time Remaining: 27d 3h 58m Buy It Now for only: $399.00 |
 USED RH CALLAWAY BIG BERTHA X 12 AW GAP WEDGE GRAPH REGULAR FLEX $62.99 Time Remaining: 6d 9h 59m Buy It Now for only: $62.99 |
 Walter Hagen Forged in USA 51 Pitching Wedge Graph Sh $125.00 Time Remaining: 8d 15h 3m Buy It Now for only: $125.00 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 2d 5h 33m |
 Callaway RAZR X HL Hybrid Set Graph Steel Combo Reg 45 Hybrid 6 Gap Wedge $539.99 Time Remaining: 28d 13h 9m Buy It Now for only: $539.99 |
 Nicklaus Air Bear L Wedge Golf Club Graph Sh Winn Grip $39.99 Time Remaining: 8d 13h Buy It Now for only: $39.99 |
 New LH Taylor Made LT2 SW Sand Wedge R flex graph $22.00 Time Remaining: 15d 3h 41m Buy It Now for only: $22.00 |
 USED RH CALLAWAY BIG BERTHA X 12 SW SAND WEDGE GRAPH REGULAR FLEX $62.99 Time Remaining: 6d 9h 57m Buy It Now for only: $62.99 |
 New Taylor Made LT2 SW Sand Wedge Tour X flex graph $39.99 Time Remaining: 7d 3h 48m Buy It Now for only: $39.99 |
 COBRA GRAVITY BACK LADIES 56 SAND WEDGE GRAPH R H $31.50 Time Remaining: 7d 1h 36m Buy It Now for only: $31.50 |
 Titleist DCI Gold OS Over Size Pitching P Wedge Graph $69.90 Time Remaining: 2d 58m Buy It Now for only: $69.90 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 2d 12h 33m |
 PING TOUR BLACK CHROME NICKEL 54 WEDGE black dot graph $74.95 Time Remaining: 2h 23m Buy It Now for only: $74.95 |
 LEFTY NEW CALLAWAY BIG BERTHA 2008 SW SAND WEDGE GRAPH STIFF FLEX NEW LH $69.99 Time Remaining: 9h 25m Buy It Now for only: $69.99 |
 LA JOLLA SAND WEDGE APOLLO SHADOW G100 GRAPH SENIOR RH $24.95 Time Remaining: 27d 7h 49m Buy It Now for only: $24.95 |
 TOUR SELECT RON MATTERSON PITCHING WEDGE GRAPH STIFF $19.99 Time Remaining: 8d 5h 23m Buy It Now for only: $19.99 |
 LA JOLLA SAND WEDGE FUJIKURA REAX TP 85H GRAPH STIFF RH $24.95 Time Remaining: 26d 13h 14m Buy It Now for only: $24.95 |
 NICE TOUR EDGE COMP LX UNDERCUT CAVITY 55 SAND WEDGE LIFT OFF STIFF GRAPH 36 $24.95 Time Remaining: 19d 11h 20m Buy It Now for only: $24.95 |
 LH TAYLORMADE BURNER OS PITCHING WEDGE GRAPH STIFF $25.49 Time Remaining: 7d 1h 25m Buy It Now for only: $25.49 |
 Mizuno MP T Series 56 wedge Exsar graph lite regular $25.00 Time Remaining: 2d 22h 34m Buy It Now for only: $35.00 |
 ZEVO COMPE EQUIPE OVERSIZE Pitching Wedge GRAPH SENIOR $19.99 Time Remaining: 10d 9h 46m Buy It Now for only: $19.99 |
 LEFTY HANDED NEW CALLAWAY BIG BERTHA 2008 SW SAND WEDGE GRAPH STIFF FLEX NEW LH $69.99 Time Remaining: 9h 27m Buy It Now for only: $69.99 |
 Ping G2 Green Dot Pitching W Wedge TFC 100 Graph Regular +1 2 Inch Length $35.00 Time Remaining: 10d 4h 55m Buy It Now for only: $35.00 |
 King Cobra OS PW Pitching Wedge Orig Graph Oversize $59.90 Time Remaining: 3d 5h 21m Buy It Now for only: $59.90 |
 SQUARE TWO ACCORD LADY FLEX GRAPH L HAND PWEDGE $24.99 Time Remaining: 24d 7h 48m Buy It Now for only: $24.99 |
 NEW LH CALLAWAY BIG BERTHA 2008 SW SAND WEDGE GRAPH STIFF LH $69.99 Time Remaining: 26d 5h 28m Buy It Now for only: $69.99 |
 Ram FX Tour Series Pitching Wedge PW Orig Graph Mint $49.90 Time Remaining: 16d 7h 34m Buy It Now for only: $49.90 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 3d 5h 34m |
 LA JOLLA SAND WEDGE GOLF CLUB TEEN RH GRAPH GOLD NEW $24.95 Time Remaining: 16d 12h 41m Buy It Now for only: $24.95 |
 Left Hand Cleveland Hi Bore Pitching Wedge Stiff Graph $79.90 Time Remaining: 26d 6h 40m Buy It Now for only: $79.90 |
 NIB 10Pc Golf Club Set MacTec NVG2 3 9 Irons 60 deg Wedge Graph Driver Putter $575.00 Time Remaining: 3d 2h 44m Buy It Now for only: $575.00 |
 2002 Callaway Big Bertha 10 Iron Pitching Wedge RCH75 Light Flex Graph Red Lie $79.90 Time Remaining: 14d 7h 53m Buy It Now for only: $79.90 |
 LH CALLAWAY 1994 BIG BERTHA SAND WEDGE GRAPH REG $33.99 Time Remaining: 23d 4h 5m Buy It Now for only: $33.99 |
 NEW NANCY LOPEZ SARASOTA SERIES 250 SAND WEDGE RH GRAPH $14.99 Time Remaining: 25d 4h 7m Buy It Now for only: $14.99 |
 Left Hand TaylorMade R7 XR Sand S Wedge Original Graph $69.90 Time Remaining: 18d 8h 30m Buy It Now for only: $69.90 |
 NEW ADAMS IDEA A7OS MAX 3 6HYBRD 7 PW IRONS GRAPH STIFF +FREE SAND WEDGE 9CLUBS $339.99 Time Remaining: 4d 5h 34m |
 LH Lady Cleveland TA7 W Series PW Pitching Wedge Graph $59.99 Time Remaining: 22d 5h 25m Buy It Now for only: $59.99 |
 Titleist DCI Gold Ladies Sand Wedge 3 Flex Graph SW $59.90 Time Remaining: 2d 4h 10m Buy It Now for only: $59.90 |
 New Adams IDEA A3 PW Wedge Pro Launch RED S flex Graph $65.00 Time Remaining: 2d 6h 38m Buy It Now for only: $65.00 |
 New COBRA SZ AW Gap Wedge Aldila DVS HL S Flex Graph $49.99 Time Remaining: 11d 8h 9m Buy It Now for only: $49.99 |
 Very Nice Callaway Big Bertha Fusion Wide Sole Pitching Wedge PW Graph Regular $99.99 Time Remaining: 4d 12h 10m Buy It Now for only: $99.99 |
 RH Cobra GAP WEDGE 3400 I XH 3400IXH Gap Wedge REG GRAPH $75.00 Time Remaining: 23d 10h 31m Buy It Now for only: $75.00 |
A Breakout Bottom
Six weeks ago, June 11th to be exact, I wrote an essay called, "Tentative Bottom." That turned out to be oh so true. This time, I think it's different.
Caterpillar bulldozed the Bears out of the way yesterday, leading a strong rally with news that its orders are growing and production will increase in the second half of the year. UPS also raised its outlook because of more spending by businesses. These reports support evidence of increasing economic activity as seen by rail shipments which have been increasing for the past several months.
In another good sign, investors pushed bad news on housing and unemployment aside, rationalizing that it could have been worse. They focused instead on earnings reports from a wide range of companies that showed little sign of a slowdown in the economy. This behavior is reminiscent of that at the bear market bottom in March 2009. Is the market ready for a sustainable rally?
As I said last week, the combination of low inflation, low interest rates and rising earnings is the perfect recipe for driving stock prices higher. This week, it finally appears that stocks of companies with great earnings reports are getting rewarded with higher prices. Those companies who missed their forecast got punished. That's the way it's supposed to work. A quick look at our Market Climate Graph shows that forecasted S&P 500 earnings are expected to soar higher into next year.
Going back to the January - February 2009 period, it is interesting to note that the Price of the VectorVest Composite was caught in the jaws of a Wicked-Wedge as it has been recently. Back then the market broke to the downside on February 10, 2009, leading to the March 9th bottom, which we nailed. Yesterday, however, the Price of the VectorVest Composite broke-out to the upside, which I view as a positive sign. This view is supported by the fact that the Price of VectorVest Composite hit the low point of $22.57 per share on 07/06/10. This was only nine cents above the $22.48 per share support level hit on 02/08/10.
The market rallied almost three months from the 02/08/10 support level to a closing high of $26.29 per share hit on 04/23/10. While I doubt that this is likely to happen again, we could see the market rally into the September - October time frame. Exactly 50 trading days passed during the downturn from the 04/23/10 high to the 07/06/10 low. That seems long enough to me. Thirteen trading days have passed during the rebound from the 07/06/10 low to today, and the Price of the VectorVest Composite went up for two consecutive five-day periods yesterday, giving a preliminary signal of a sustainable upturn. The Color Guard also flashed a Green Light in the Price column yesterday.
Now all of this happened several times during the bumpy downturn from the April 23rd high, so don't run out and bet the farm on this rebound. We are not reliving the March 2009 bottom. A nascent rally has begun, however, and we could be seeing A Breakout Bottom.
THE MONEY MAKER
The up and down price fluctuations we have encountered since the market peaked on April 26th, have made it awfully hard for most stock traders to make money. But those who trade stock Options have found a bonanza. Volatility causes Option premiums to go up, making them more expensive. Therefore, it was a good time to sell Covered Calls. That's exactly what we have been doing in the PayDay Portfolio, which was up 26.64% as of yesterday's close. How does one sell juicy Covered Calls? Mr. Glenn Tompkins, Manager of Educational Services, will show us. So visit the VectorVest University to see this week's money making "Strategy of the Week" presentation: "The Money Maker."
Want to learn about Stock Charting Software or stock market software? Start here: http://www.vectorvest.com
About the Author
Author writes regularly about finance and stock related topics. For more information about stock trading software, technical analysis software, stock analysis software visit - http://www.vectorvest.com