My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.php What a difference a week makes. The bears took over, and the major indexes closed lower by about 2%. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +6.19% (last week +7.99%) and remains in bullish mode. The international index has broken above its …
Crosswinds
The market struggled out of the gate yesterday and slumped during the first hour. Buying set in, and the bulls slowly but surely regained the upper hand as the major indexes pulled themselves out of the doldrums in part supported by good news on the jobs front (initial claims fell). Some crosswinds were blowing from across the Atlantic as global …
More Slipping And Sliding
The dollar proved to be almighty yesterday as its rally stopped just about all other asset classes from advancing. Gold was up initially but reversed course; crude oil fell back and bonds dropped due to a rise in interest rates. And, as usual, the stock market slipped as the dollar headed higher. Amazingly, the dollar’s rally happened despite a downgrade …
Pulling Off The Highs
It’s no surprise that, after last week’s rally, the markets were due for a pullback. Yesterday, things looked a little dicey for a while early on but, as we’ve seen so many times in the recent past, buyers stepped in and pushed the major indexes off their lows for the day. Except for the Nasdaq, we closed slightly below the …
Turkey ETF Added To StatSheet
Chart courtesy of YahooFinance For many years, TKF, one of the closed end funds (CEFs) investing in Turkey, has been hovering in the top M-Index rankings during bull markets. As is the case with many CEFs, volume is simply too low for advisors to invest any meaningful client assets. TKF, for example, sports an average daily volume of only $750,000, …
Sunday Musings: Losing A Head And A Shoulder
What a difference a few weeks can make. In “Chart Patterns” I examined a huge Head-and-Shoulders (H&S;) formation that the S&P; 500 had formed early in October. Here’s what I said: …if prices rally from the top of the right shoulder and end up rising above the high point the “Head” has made (April 2010), all bets are off, and …