While the Vienna exchange was closed today, strength from the financial sector and an optimistic outlook that government stimulus packages will help the economy managed to drive stock prices and the other eight Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) sharply higher. With three…
The Price of the VVC/EU reversed its course last week falling €1.30 to close at €31.57. Moreover, it is now only €0.42 per share away from the all-time low of €31.15 per share set on November 21st. This is a major support level. If the Price of the VVC/EU continues to…
The European Central Bank lowered its key interest rate to 2.5% today having no positive effect on stock prices. Moreover, weakness from the mining sector caused European equities and five of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) to close lower. However,…
Awaiting the European Central Bank’s interest rate decision, strength from the pharmaceutical and telecom sectors drove stock prices and six of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) slightly higher today. With three yellow lights and a DnDn situation Prudent Investors should…
Bargain hunters stepped in to snag up beaten down stocks today pushing European equities and eight of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) higher. With three yellow lights and a DnDn situation Prudent Investors should remain on the sidelines and not…
Weakness in banking and commodity stocks drove European equities and all nine of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) sharply lower today. With one red light and a DnDn situation Prudent Investors should move to the sidelines and not buy stocks at…
After moving lower for two consecutive weeks, the Price of the VVC/EU moved upward this week gaining €1.72 and changing the Primary Wave to Up. We will need to see the Price of the VVC/EU go up one more week to give us a preliminary signal of a sustainable uptrend. Also,…
Oil and banking stocks pushed European equities and all nine of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) higher today. With three yellow lights and an UpDn situation Prudent Investors may go bargain hunting and bottom fishing, but caution is advised.Aggressive Investors and…