Daily Update Thursday, June 9, 2016

Profit taking sent European shares and all ten of the Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to a lower close today. Therefore, with one red light and a DnUp situation Prudent Investors should not buy stocks if the market moves lower tomorrow….

Daily Update Wednesday, June 8, 2016

News that the World Bank lowered its 2016 economic growth forecast sent European shares and all ten of the 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…

Daily Update Tuesday, June 7, 2016

Hopes that the U.S. will not raise interest rates led European stocks and all ten of the Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to a sharply higher close today. Therefore, with one green light and an UpUp situation Prudent Investors may…

Daily Update Monday, June 6, 2016

With the Irish exchange closed for the holiday, European equities and eight of the other nine Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) finished higher today as mining shares led the charge. Nevertheless, with three yellow lights and a DnUp situation Prudent Investors…

Weekly Newsletter Friday, June 3, 2016

After moving higher for three consecutive weeks, the Price of the VVC/EU reversed its course, losing €0.73 per share to end at €58.01 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 week to give us…

Daily Update Thursday, June 2, 2016

European equities and five of the ten Major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) managed to close slightly higher today after the release of better-than-expected earnings figures from Voestalpine. Nevertheless, with three yellow lights and a DnUp situation Prudent Investors should not buy…

Daily Update Wednesday, June 1, 2016

Losses from banking, mining and travel shares led European equities and all ten of the major Indexes (AEX, ASE, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to a lower close today. Therefore, with three yellow lights and a DnUp situation Prudent Investors should not buy stocks if…

Daily Update Tuesday, May 31, 2016

Declines from banking stocks sent European equities and nine 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 moves…