My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php Weak economic news handed the bears a victory with the major indexes dropping sharply. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +2.30% (last week +3.48%) and remains in bullish mode. The international index has now broken barely below its long-term trend …
Nowhere To Hide
Reality about a slowing economy not only hit Wall Street yesterday but also dragged global markets down as no region proved to be a safe haven from the selloff. Bonds were the beneficiary again as interest rates headed lower. I was not about to wait around to see if that debacle would turn into a 500 point down day, so …
Swinging Wildly
Even though yesterday’s closing prices did not reflect the intra-day activity, it was a wild day nevertheless. The chart above (courtesy of freestockcharts.com) represents Tuesday’s 5-minute interval moves of SPY. It was waiting time until the Fed announcement, which occurred as indicated via the red arrow. Prior to that, the markets were down, then shot straight up and whip-sawed the …
Waiting For The Fed
The markets meandered on low volume yesterday, however, with a positive bias, and we ended up closing about ½% higher. The Fed watch is on; not as much in regards to the question as to whether higher interest rates are on the horizon, but more importantly if they will come up with any grand ideas to improve the sagging economy. …
Helpful Hints: Converting Mutual Funds To ETFs
MarketRiders features an interesting online mutual fund cost calculator. It allows you to input sever ticker symbols as well as the amount invested. The program then returns the yearly loss from mutual fund fees, which is a sobering number if you look at it over 20 years. You are then prompted to input your email address for a detailed report …
Sunday Musings: A New Imminent Rally?
Hat tip goes to reader Jeff for pointing to “Of babies and hammers:” The stock market will get a major boost at the end of this week. That’s when Congress’ August recess begins, and it isn’t scheduled to go back in session until after Labor Day. What’s that have to do with the market? Plenty, apparently. The stock market on …