My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA last hour charge propelled the major indexes to another weekly gain. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by a scant +0.69%%. We will watch for a couple of days to be sure upside momentum can be maintained before …
State Of The Economy
Higher oil prices and interest rates, along with GM nearing bankruptcy, pulled the markets down, and pretty much all of Tuesday’s gains were surrendered. Our domestic Trend Tracking Index (TTI) moved again further away from breaking its trend line to the upside (-1.84%), which means that, barring any extreme upside recovery, a domestic buy appears unlikely this week. Economic news …
Confidence Powers Market
Rising oil prices and interest rates, a falling dollar and a record decline in home prices couldn’t keep the market down yesterday. The upward bias came in form of a surprisingly strong consumer confidence report that helped the bulls forget quickly that the past 4 trading days were losers. Since our International Buy signal on May 11, 2009, our fund …
Looking For The Needle In The Haystack
The ultimate investment goal for the majority of investors is to find some no load funds/ETFs that have the ability to zag when the markets zig. This is a daunting task indeed and many, who thought they had such portfolio diversification last year, learned the hard way that this proverbial needle in the haystack had not been found yet. The …
Smart Money vs. Dumb Money
One reader emailed me with the following question: Could you explain the difference between smart money and dumb money? I know the traders lure us unsuspecting people into the market like they have over the last 2 months or so then sell their holdings and then go short and wait till the bag holders start selling again and then cover …
Sunday Musings: That’s Not American
Ever since I left Germany in 1973 and immigrated to the United States, I was of the opinion that this country’s prosperity was based on survival of the fittest. I was reminded of that when I read “That’s Not the American Way: Chrysler’s Bailout and the Road to Ruin:” Chrysler’s plan to close about 25% of its dealers is the …