My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpBulls and bears engaged in a tug-of-war with the bulls coming out ahead for the week by a slight margin. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +1.33% above its long-term trend line (red), which means we remain close to breaking out to the upside of the …
Going Nowhere
The markets zigzagged yesterday, but ended up closing modestly higher thanks to support from industry heavyweights Boeing and Microsoft. Despite this higher close, participation was not widespread, which explains why our Trend Tracking Indexes (TTIs) retreated slightly. The domestic TTI fell to a level of +1.37% above its long-term trend line, just below the upper range (+1.50%) of the neutral …
Off The High
The markets retreated yesterday as the dollar’s record new low against the Euro, along with soft earnings and oil prices hugging the $120/barrel mark, proved too much resistance. The bears prevailed and sent the major indexes lower, although a rebound late in the session cut down on the losses. Our domestic Trend Tracking Index (TTI) came off its high, and …
Are We There Yet?
Yesterday’s fairly calm day in the market pushed our domestic Trend Tracking Index (TTI) through the upper range of the neutral zone (+1.50%) to a level of +1.73% above its long-term trend line. As I mentioned in last Thursday’s post, I like to see that level supported for a few trading days to be sure that there is enough follow …
Another Bailout
Market Watch reports that the Bank of England is to unveil a mortgage bailout: Faced with rising mortgage rates that threaten to worsen a housing downturn, the Bank of England will unveil a plan Monday to allow banks to swap billions of pounds worth of mortgage-backed securities for British government bonds in a bid to thaw frozen credit markets, Chancellor …
Sunday Musings: Market Dichotomy
Last week’s rally, and the fact that our domestic Trend Tracking Index (TTI) is now within striking distance of a Buy signal, caused a number of readers to email with comments and questions. Some old sayings such as “sell in May and go away” were quoted along with fears of whipsaws due to continued market volatility. Others were worried about …