Australian shares closed lower today as investors remained cautious ahead of the release of key economic data from the United States. With one red light and a DnUp situation Prudent Investors should remain on the sidelines.Aggressive Investors and Traders should play the market with a bias to the downside.For…
Stronger iron ore prices sent the Australian Share market to a slightly higher close today. However, the Price of the VVC/AU ended lower. With two red lights and a DnUp situation Prudent Investors should move to the sidelines.Aggressive Investors and Traders should play the market with a bias to…
The Australian share market ended today’s session higher as the Reserve Bank of Australia decided to leave the cash interest rate unchanged. With one green light and an UpUp situation Prudent Investors may buy stocks long as the market moves higher. Aggressive Investors and Traders should play the market…
Australian equities closed lower on extremely light trading volume due to the Melbourne Cup. With two red lights and a DnUp situation Prudent Investors should move to the sidelines.Aggressive Investors and Traders should play the market with a bias to the downside.For those of you who are “Riding the…
The Price of the VVC/AU gained $0.013 per share to end the week at $2.346 per share. Although the Price of the VVC/AU moved higher, the bearish divergence between the Price of the VVC/AU and our other key indicators, the RT, BSR and MTI, is suggesting that downside risk outweighs upside…