Weakness in the materials sector led the Australian stock market into negative territory today. Therefore, with two red lights 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 those of you who are “Riding…
The Price of the VVC/AU fell for the second consecutive week, losing $0.016 per share to close at $2.434 per share and giving us a preliminary signal of a sustainable downtrend. Furthermore, our other key indicators, the RT, BSR and MTI, all continued to move lower on a week-over-week basis. With…
Weak iron ore prices dragged the Australian share market to a lower close today. With two red lights 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 those of you who are “Riding the…
Declines from mining stocks pushed the Australian share market to a slightly lower close today. With one red light 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 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 with…
Australian equities managed to close slightly higher today after morning gains whittled away in afternoon trading. With three yellow lights and a DnUp situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market up or down as it develops.For those of…