My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe major indexes meandered and closed around the unchanged line on very low volume. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +5.09% (last week +5.25%) and remains in bullish mode. The international index has broken above its long-term trend line by +7.02% …
Early Rally—Late Fade
In a reversal from Tuesday, the markets rallied early on yesterday then faded into the close, but managed to stay above the unchanged line. Still, we closed higher, which keeps the S&P; on track for its best December since 2003. Volume was extremely light, and trading activity was a notch lower than is usual between Christmas and New Year due …
Early Selling—Late Rebound
Even poor economic reports were not able to keep this market subdued for any lengthy period yesterday. A drop in the Consumer Confidence Index clearly confirms that job security, or insecurity, still contributes to a lack of spending causing this indicator to drop from 54.3 in November to 52.5 in December. Suspicions that the housing market is still in a …
2011 Forecasts
Hat tip goes to Random Roger for this link to “More Gains in 2011?” All but two of the major Wall Street firms surveyed by Bloomberg have provided their 2011 S&P; 500 price targets. And so far, every single strategist has provided a year-end (2011) price target that is higher than the S&P; 500’s current level. The consensus year-end estimate …
Merry Christmas
I would like to extend my best wishes for a safe and happy Holiday season to you and your family. I will be taking a couple of days off but will be back on the regular posting schedule as of Monday.
No Load Fund/ETF Tracker updated through 12/23/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe major indexes managed to add another 1% to this month’s tally. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +5.25% (last week +5.26%) and remains in bullish mode. The international index has broken above its long-term trend line by +7.17% (last week …