The Price of the VVC/AU continued to move lower this week, falling a modest $0.001 per share to close at $2.254 per share; giving us the preliminary signal of a sustainable downtrend. Moreover, two of our other key indicators, the BSR and MTI, also moved lower on a week-over-week basis. Therefore,…
The Australian share market faltered today after comments from the Reserve Bank of Australia’s governor Glenn Stevens dampened sentiment. 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…
Advances in materials helped Australian shares close slightly higher today. Nevertheless, with one green light and a DnUp situation Prudent Investors should remain on the sidelines. Aggressive Investors and Traders should play the market as it develops.Portfolios For those of you who are “Riding the Wave”, we are…
Australian shares soared today as investors cheered the decision to leave interest rates unchanged. Nevertheless, 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 as it develops.Portfolios For those of you who…
Losses in the banking sector dragged the All Ordinaries Index to a sharply lower close today. Therefore, with two red lights and a DnUp situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market with a bias to the downside.Portfolios…