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…
Weak U.S. economic data caused the European markets to break a two-day winning streak sending stock prices and five of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) slightly lower. With three yellow lights and an UpDn situation Prudent Investors should remain on…
Strength from the banking and energy sectors pushed stock prices and seven of the nine Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) higher today. With three yellow lights and a DnDn situation Prudent Investors should remain on the sidelines.Aggressive Investors and Traders should play…
A move to rescue U.S. banking giant Citigroup sparked a major rally today driving stock prices and all of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) sharply higher. With three yellow lights and a DnDn situation Prudent Investors should remain on the sidelines.Aggressive…
The Price of the VVC/EU managed to struggle through a brutal week losing €2.53 and setting a new all-time low of €31.15 today. Meanwhile, the BSR and the MTI still remain at extremely low levels. We will need to see something major happen in order for this market to turnaround. Moreover,…
Weakness in the banking and petroleum sectors drove 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 DnDn situation Prudent Investors should remain on the sidelines.Aggressive Investors and Traders should play…
Profit warnings and continuing concerns over a deepening recession caused the European markets to close at 5-1/2 year lows today sending stock prices and all of the Major Indexes (AEX, ATX, BEL, CAC, DAX, IGBM, ISE, MIBTEL & PSI) lower. With two red lights and a DnDn situation Prudent…