No Load Fund/ETF Tracker updated through 2/28/2008

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My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA sharp correction to the downside turned a positive week into a negative one. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains now +0.02% above its long-term trend line (red), which means we are in borderline territory. The international index dropped to -7.74% below its own trend line, keeping us …

More Easing Ahead

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I saw this picture sometime ago at Minyanville and thought it was hilarious given the current market environment. Fed chief Bernanke made it fairly clear yesterday that interest rates would move lower given that “the economic situation has become distinctly less favorable,” and “the risks to this outlook remain to the downside.” This was an obvious sign for the dollar …

A New Bull Market?

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With yesterday’s higher close, our Trend Tracking Indexes (TTIs) are now situated in respect to their long-term trend lines as follows: Domestic TTI: +0.62%International TTI: -4.77% As you can see, yesterday’s market activity pushed the domestic TTI slightly above its trend line. Since our Sell on 1/18/08, we’ve had this very same scenario on several occasions as prices bounced slightly …

Good Bank—Bad Bank

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Yesterday’s rally clearly was a follow through from Friday as Wall Street embraced S & P’s affirmation of the AAA rating of bond insurer MBIA—at least for the time being. The main concern has been that any downgrade would force banks and other financial institutions to write off billions of dollars in assets. That means that motivation is high to …

Breaking Out

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Yesterday I talked about the fact that the markets are stuck in a sideways pattern, from which they will eventually break out into new territory. That’s a guarantee—the unknown is when the breakout will occur and in which direction. Supporting that view is W.D. Gann, considered by many professionals one of the greatest commodity traders ever. What do commodities and …

Sunday Musings: Seeing Both Sides

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Todd Harrison at Minyanville brought up some interesting points in “Strap Yourself in Goose:” My greatest strength is knowing what I don’t know. Stay humble, I’ve learned, or the market will do it for you. What I do know is this: There is a massive disconnect right now between the credit markets and the equity space. If credit can catch …