Despite a strong morning, the Australian equities market closed lower today. Therefore, with one red light and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market with a bias to the downside.You may see all the action of the…
The price of the VVC/AU incurred continuous losses only to end the week at $2.29, down $0.02 from last Friday’s price of $2.31. The RT continued to plummet after dropping below 1.00 on 6/11/08. It ended the week down 0.05 points from last Friday’s reading. The MTI has also continued on…
The Australian equities market snapped a two-day losing streak fueled by the financial sector who benefitted from the U.S. Federal Reserve’s announcement that they would keep interest rates on hold for the first time since 2007. Therefore, with three yellow lights and a DnDn situation Prudent Investors should not…
Large mining firms Rio Tinto and BHP, who carried the market yesterday, dragged the Australian equities market into the red when lower metal prices were released overnight. Therefore, with three red lights and a DnDn situation Prudent Investors should remain on the sidelines and not buy stocks at this…
After spending the morning in negative territory, the Australian equities market closed the day marginally higher on the wings of gains by large mining firms Rio Tinto and BHP. Therefore, with one red light and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and…
The Australian share market ended the day marginally lower after bad news from Wall Street. Therefore, with two red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market with a bias to the downside.You may see all…
After moving lower for four consecutive weeks, the Price of the VVC/AU made a measly move of a $0.01 gain. However, two of our other key indicators, the RT and the BSR have continued to move lower. Therefore, with two red lights and a UpDn situation Prudent Investors should not buy…
The Australian equities market closed the day nearly one percent lower today after major setbacks on Wall Street put a squeeze financial stocks. However, with two red lights and a UpDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market with…