My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpOur Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +1.34% above its long-term trend line (red), which means we remain close to breaking out to the upside of the neutral zone (+1.50%). The international index dropped to -1.17% below its own trend line, keeping us in a sell mode. …
Breaking Out To The Upside
In a reversal from yesterday, the markets opened higher and never looked back with the S&P; 500 closing above 1,400 for the first time since January. Financials provided leadership, as energy was knocked lower by a drop in oil prices. The dollar rose and the Commodity Index was pushed to its lowest level in 4 weeks. Gold dropped as well …