Category: Daily Update

Daily Update Wednesday, August 20, 2008

Stronger commodity prices caused European equities and six of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to end the day higher. Nevertheless, with two red lights and a DnDn situation Prudent Investors should remain on the sidelines and not buy stocks at…

Daily Update Tuesday, August 19, 2008

Renewed credit concerns and weak U.S. economic data caused the European markets to close at their lowest levels in two weeks pushing stock prices and all of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) sharply lower today. With three red lights and a…

Daily Update Monday, August 18, 2008

Losses in the automobile, banking and drug sectors sent stock prices and six of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) slightly lower today. With one red light and a DnDn situation Prudent Investors should remain on the sidelines and not buy…

Daily Update Thursday, August 14, 2008

In a volatile day of trading, strength from the energy and mining sectors pushed stock prices and seven of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) slightly higher. However, we have three yellow lights and a DnDn situation. Therefore Prudent Investors should…

Daily Update Wednesday, August 13, 2008

Renewed inflation fears and credit concerns sent the European markets tumbling today causing all of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to close sharply lower. With three yellow lights and a DnDn situation Prudent Investors should move to the sidelines. Aggressive Investors…

Daily Update Tuesday, August 12, 2008

News of further write-downs for U.S. company JPMorgan caused weakness in the banking sector sending stock prices and six of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) lower today. With three yellow lights and an UpDn situation Prudent Investors may continue to…

Daily Update Monday, August 11, 2008

The European markets ended at a six-week high today as rising oil prices pushed the energy sector higher allowing stock prices and all of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to close sharply higher. With three yellow lights and an UpDn situation…

Daily Update Thursday, August 7, 2008

Although the European Central Bank left its key interest rate unchanged at 4.25%, profit takers stepped in today pushing stock prices and five of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) lower. With three yellow lights and an UpDn situation Prudent Investors…