The Price of the VVC/AU continued to move lower for the third consecutive week, losing a modest $0.007 per share from last Friday to close at $2.283 per share. However, our other key indicators, the RT, BSR and MTI, moved higher on a week-over-week basis. This is a Bullish divergence and…
Strength in healthcare and consumer staple shares offset weakness in mining and energy shares causing Australian equities to finish the trading session slightly higher. However, the Price of the VVC/AU ended lower. With three yellow lights and an UpDn situation Prudent Investors may buy stocks long only as the…
The Australian share market closed today’s session sharply higher as financial stocks provided support. With three yellow lights and an UpDn situation Prudent Investors should get their shopping lists ready to buy stocks long if the market continues to move higher tomorrow.Aggressive Investors and Traders should play the market…
The Australian share market closed lower today as investors sold off mining stocks. 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.For those of you who are…
The Australian share market closed sharply higher today as investors cheered the People’s Bank of China’s decision to lower interest rates. However, with three yellow lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market up or…
The Price of the VVC/AU moved lower for the second straight week, losing $0.059 per share to close at $2.290 per share. All of our other key indicators, the RT, BSR and MTI, also lost ground on a week-over-week basis. With the RT Kicker combo Bearish, the MACD in negative territory,…
Disappointing Chinese economic data pushed the Australian share market to a lower close today. 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.For those of you who are “Riding the…
Weak iron ore prices dragged the Australian share market to a lower close today. 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.For those of you who…