Despite more central banks joining to combat the financial crisis, investors and traders remained hesitant about buying stocks and the Australian equities market ended in the red. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play…
Fears of a worsening global economic crisis along with a horrible lead from Wall Street rocked the Australian equities market today causing it to close down nearly 5%. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should…
The Australian equities market ended the day higher after the Reserve Bank of Australia made its biggest cut in interest rates since 1992. 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 to the…
The Australian equities market fell sharply today on fears that the condition of the global economy is worsening. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time.Aggressive Investors and Traders should play the market to the downside.You may see all the…
The Price of the VVC/AU hit its all time low this week of $2.07 on Tuesday. With the U.S. bailout plan still unresolved and the unceratainty surrounding the global economy, it is hard to tell if this will serve as a support level because our last low ($2.09 hit on 09/18/08)…
Despite the U.S. bailout plan passing through the Senate, the Australian equities market closed lower on concerns of the overall health of the global economy. With two red lights and a DnDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors and…
The Australian equities market gained over 4% on news that BHP Billiton was given the green light for their proposed takeover of rival miner Rio Tinto. With three yellow lights and a DnDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors…