My latest No Load Fund/ETF Tracker has been posted at:
http://www.successful-investment.com/newsletter-archive.php
Another interest rate cut was all the bulls needed. Despite negative economic news, the major indexes closed sharply higher.
Our Trend Tracking Index (TTI) for domestic funds/ETFs moved to +1.42% above its long-term trend line (red), back into bullish territory. To avoid a whipsaw signal, I will wait for further upside confirmation before moving back into the domestic market.
The international index dropped to -4.24% below its own trend line, keeping us in a sell mode for that arena.
For more details, and the latest market commentary, as well as the updated No load Fund/ETF StatSheet, please see the above link.
Comments 1
Let’s just tell it like it is.
Here is the whole sad summation why we’re experiencing a market moving in exactly the opposite direction that all logic portends it should be:
http://www.bloomberg.com/apps/news?pid=20601109&sid;=aBahn5eH_8cI&refer;=home
It is an unabashed “free-market” about-face.
“Hope Now” has replaced “laizze-fair”.
Big government has replaced unrestrained capitalism.
At least until we can mitigate as little damage to the “synergistic” participants as possible.
Punish savers, leave little incentive for non-savers to change their ways, and set the stage for yet another manic spending spree.
Just what we need.
G.H.