The markets meandered most of Monday in anticipation of the start of the earnings season. The major indexes gained a tad as the chart (courtesy of marketwatch.com) shows: Alcoa reported slightly better than expected earnings after the close, which may give the market a boost on Tuesday. In the bigger scheme of things, all three major indexes remain below their …
Buffett: “We’re Coming back”
In Saturday’s post “Is it time to take cover?” I featured Bob Prechter’s market view along with his extremely gloomy forecast. If you are in need of a more upbeat outlook, here’s what Warren Buffett had to say on the topic: In the interview, Buffett says “we’re on the right course” and encourages President Obama to speak with “enormous confidence” …
Sunday Musings: Trend Tracking Thoughts
One reader emailed an interesting comment regarding trend tracking and the adherence to strict trading rules. Here’s the relevant part of what he had to say: I have written to you on the subject previously and thanks for the replies. You have devised a proprietary trend line as I understand it. You have a basic rule that is clean and …
Is It Time To Take Cover?
Hat tip goes to reader Nitin for pointing to this article in the NYT about the latest thoughts from Robert Prechter in “A Market Forecast That Says ‘Take Cover:’” WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league …
No Load Fund/ETF Tracker updated through 7/8/2010
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php In a turnaround from last week, the markets rallied higher with the S&P; 500 gaining 5.3%. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved back up above its trend line (red) by +1.34% (last week -0.40%). For more on how to handle this, please see the above link. …
A Dead Cat Bounce?
After a miserable month of June, and a slippery start in July, the markets managed a nice rebound with the Dow reclaiming the psychologically important 10,000 mark, while the S&P; 500 powered through the 1,040 resistance level. It was the market’s first back to back advance since mid-June. To me, it seems more like a dead cat bounce, as no …