Weekly Newsletter Friday, June 23, 2017

For the second consecutive week, the Price of the VVC/EU moved lower, losing €0.19 per share to close at €69.75 per share, giving us a preliminary signal of a sustainable downtrend. Additionally, two of our other key indicators, the RT and MTI, also moved lower on a week-over-week basis. So, with…

Daily Update Thursday, June 22, 2017

European equities and eight of the ten Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) ended lower today as oil prices continued to fall. With three yellow lights and an UpUp situation Prudent Investors may buy stocks long only if the market is…

Daily Update Wednesday, June 21, 2017

European shares and eight of the ten Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) closed to the downside today as falling crude prices weakened energy stocks. With three yellow lights and an UpUp situation Prudent Investors may buy stocks long only if…

Daily Update Tuesday, June 20, 2017

Declining crude prices sent European equities and eight of the ten Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to a lower close today. With three yellow lights and an UpUp situation Prudent Investors may buy stocks long only if the market is…

Daily Update Monday, June 19, 2017

European shares and all ten of the other Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) closed to the upside today as banking and retail stocks led the charge. Therefore, with two green lights and an UpUp situation Prudent Investors may buy stocks…

Weekly Newsletter Friday, June 16, 2017

The Price of the VVC/EU reversed its course and began moving lower this week, losing €0.47 per share to close at €69.94 per share and changing the Primary Wave to Dn. We now need to see the Price of the VVC/EU move lower for one more five-day trading period to give…

Daily Update Thursday, June 15, 2017

With the Vienna exchange closed for Corpus Christi Day, European shares and all of the other nine Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) ended lower today as retail and resource stocks faltered. With three yellow lights and a DnUp situation Prudent…

Daily Update Wednesday, June 14, 2017

Disappointing U.S. economic data led European stocks and six of the ten Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to a lower close today. With three yellow lights and an UpUp situation Prudent Investors may buy stocks long only if the market…