Reader Frank had the following question: You say that you sort the stat sheets by the M-index. For funds that have the same M-index are they truly in descending momentum sequence? For example, there may be 10 or 15 funds with an M-index of 4. Does the 1st #4 fund have a higher momentum than the 2nd or are they …
No Load Fund/ETF Tracker updated through 9/16/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpSlow and steady was the theme of the week, as the S&P; 500 knocked against overhead resistance. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +3.74% (last week +3.03%) and remains in bullish mode. The international index broke back above its long-term trend line …
Bumping Against Resistance
So far, overhead resistance, pegged to be the 1,130 level of the S&P; 500, held twice yesterday, as the index backed off, but still closed within striking distance. It seems to me that the rally from the lows of the trading range appears to be getting a little tired as the market may have gotten way ahead of itself. Evidence …
Gold Closes At A Record
While the S&P; 500 slipped yesterday, after 4 days of gains, gold rallied and closed at a record high. Speculation has it that the Fed will purchase some $1 trillion in bonds to support the economy. At the same time, the dollar fell, which helped silver and commodities and pushed interest rates lower. The major indexes, with the exception of …
Last Hour Surge
For a while, it looked like the markets were about to surrender their gains at mid-day yesterday, before a last hour surge propelled the major indexes within shouting distance of their highs of the day. Helping matters was news from China that industrial production grew while retail sales rose sharply. That eased concerns, at least for the day, that Chinese …
Cheaper S+P 500 ETF Launched
The cheapest S&P; 500 ETF was brought to the market as reported in ”Vanguard Launches New, Cheaper S&P; 500 ETF:” It’s been a long time coming, but an S&P; 500 ETF from Vanguard is finally here. The Valley Forge, Pennsylvania-based firm rolled out the Vanguard S&P; 500 ETF (VOO) on Thursday, nearly 35 years after the company introduced an S&P; …