A week ago, MarketWatch featured an update on the Dow Theory, the oldest market timing system in existence. Editor Richard Russell made an announcement that he now believes that the stock market has been in a primary bull market since the early 1980s: The lows of October 2002 and January 2008 therefore represent nothing more than “important secondary or cyclical …
No Load Fund/ETF Tracker updated through 4/17/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpTwo strong up days pushed the major indexes to their best week in 5 years. We are now in striking distance of a domestic Buy signal. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +1.43% above its long-term trend line (red), which means we are close to breaking …
Bullish Guidance
The markets took off yesterday after some decent first quarter earnings reports from eBay along with bullish guidance from Intel pushed the Dow to a 257 point gain. Helping matters were better-than-expected numbers from JP Morgan Chase and Wells Fargo. Sky-high crude oil prices did not seem to matter. IBM’s after-hours bullish report, along with raised profit guidance, could fuel …
The Whole World In One Fund
The WSJ had a feature on Barclays Global Investors new launch of an all-world stock fund, the exchange traded iShares ACWI Index Fund (ACWI). Here are some highlights: Early this month, Vanguard Group announced plans to launch Vanguard Global Stock Index Fund. Vanguard’s first global index-tracking fund will offer both exchange-traded shares and traditional mutual-fund shares. Northern Trust is also …
Whip-Saw Thoughts
I received several e-mails from readers who are “angry” with the market direction or at least their interpretation of it. When the domestic Trend Tracking Index (TTI) moved closer to the lower end of the neutral zone a few weeks ago, some investors apparently ended up being a little premature as they initiated substantial short positions. Some committed up to …
Not A Bad Place To Be
Reader Brad pointed to an article titled “U.S. vs. Global Markets: Pain is Where You Feel It.” Here is an excerpt: For months now, the entire media and the financial blogsphere has been talking about how dismal the U.S. financial markets have been. There is a tendency to believe that we are at the center of the world and that …