Weak iron ore prices dragged the Australian share market to a sharply lower close today. With one red light and a DnUp situation Prudent Investors should remain on the sidelines and not buy stocks at this time. Aggressive Investors and Traders should play the market with a bias to…
The Price of the VVC/AU snapped a six-week winning streak and closed $0.013 per share lower to end the week at $2.511 per share and changing the Primary Wave to Dn. Furthermore, our other key indicators, the RT, BSR and MTI, also moved lower on a week-over-week basis. We now need…
Gains in the resource sector offset weakness in the financial sector causing Australian equities to finish the trading session slightly higher. However, with one red light and a DnUp situation Prudent Investors should remain on the sidelines and not buy stocks at this time. Aggressive Investors and Traders should…
Lower-than-expected GDP data sent the Australian share market to a lower close today. With one red light and a DnUp situation Prudent Investors should remain on the sidelines and not buy stocks at this time. Aggressive Investors and Traders should play the market with a bias to the downside.For…
Australian equities closed lower today as investors reacted negatively to the Reserve Bank of Australia’s decision to leave the cash interest rate unchanged. With three yellow lights and a DnUp situation Prudent Investors should move to the sidelines and not buy stocks at this time. Aggressive Investors and Traders…
News that the Chinese Central Bank lowered key interest rates sent the Australian share market to a higher close today. 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 a bias…