With the dollar having turned the corner and headed higher, at least for the time being, we got stopped out of our Swiss Franc positions last week. Gold went from sideways to south, and our stop loss point was triggered there as well. Reader Steve had this to say: I am confused, what caused the dollar to strengthen and what …
Clarification: The Sell Rule And Stop Loss Points
One new reader is still uncertain on the proper use of the sell stops. Here’s what he had to say: In your write up for new investors you say that as soon as you buy a mutual fund or ETF, you establish two sell rules. The upside and the down side. The down side is clear – a trailing 7% …
Sector Breakout
Despite the major domestic indicators having rebounded last week, we are still in a bear market with our Trend Tracking Indexes (TTIs) being stuck below the trend line, as I pointed out last Friday. However, some sectors are bucking the trend and are breaking out to the upside. VHT is one example and a reader had this to say: Can …
Sunday Musings: Covering your ARS
Two of the heavyweights in investment banking, Citigroup and Merrill Lynch, have been taken out to the barn and spanked because of improper sale of their ARS (Auction Rate Securities). Bloomberg reports as follows: Citigroup Inc., the largest U.S. bank by assets, agreed to buy back or help clients unload as much as $19.5 billion in auction-rate securities and pay …
Know When To Fold ‘Em
Reader Mike decided to not to follow our last domestic Sell Signal (6/23/08), but he actually added to his investment positions. Here’s what he had to say: I have been buying CGMFX over the last 6 weeks between $54 and as high as $60 per share. I have bought about $40,000 of it. It seemed to go up every time …
No Load Fund/ETF Tracker updated through 8/7/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA volatile market with an upside bias gave the bulls the upper hand. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -1.30% thereby confirming the current bear market trend. The international index now remains -6.63% below its own trend line, keeping us on the …