Many bulls had to be disappointed with the lack of follow through buying on Monday after Friday’s mini rebound. The upside attempt was there, as the chart shows, but in the end we closed near the day’s lows; not a good sign. As I am writing this late Monday night (actually Wednesday morning here in Germany), the futures are pointing …
Reader Feedback—Taking Out The Old High
With the markets having fallen sharply off their highs, our domestic TTI (Trend Tracking Index) is still hanging on to bullish territory, but only by a thin thread. Another meaningful down day/week and this indicator will most likely join the international TTI in bearish territory.Several readers have emailed over the past week or so with a similar theme in regards …
Traveling
As announced, I’m on my way to Germany, so there will be no article today. I will resume regular posting on Monday, although it may be at odd hours due to the time difference.
No Decoupling
The market zigzag of the past few weeks has made it abundantly clear again that whatever happens in Europe, or anywhere else in the world for that matter, does affect U.S. markets. The WSJ had more thoughts on the topic of decoupling in “No Sign of That Decoupling in Markets:” Earlier this week, there was a dubious meme being purveyed …
No Load Fund/ETF Tracker updated through 5/20/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDuring one of the more volatile weeks on Wall Street, the major indexes lost 4-5% with major support levels now having been broken. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains above its trend line (red) to the upside by +1.29% (last week +2.57%) keeping the current buy signal intact. …
Bouncing Off The 200-day Moving Average
Yesterday, the markets deteriorated sharply at first with the S&P; 500 finally finding support at its 200-day moving average of 1,101, which turned out to be the low of the day. The support level held for the time being, and we bounced off and ended up closing only 0.51% lower. It could have been far worse, as major selling would …