My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpVacillating around the unchanged line was the theme of the week as anticipation about next week’s elections took center stage. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +6.13% (last week +6.52%) and remains in bullish mode. The international index has broken above its …
Out Of The Deep Red
Yesterday’s market activity reminded me of the classic Clint Eastwood movie titled “The good, the bad and the ugly,” only in reverse. The major indexes started out looking very ugly, then looked bad and ended up looking pretty good, as most of the losses were recovered by the end of the day. Earnings misses were one reason, while disappointment with …
A Mixed Bag
There was nothing straight forward about yesterday’s trading session. The major indexes bobbed and weaved within a fairly narrow range but managed to close at the unchanged line to slightly up despite a weak opening. The reason was a combination of punches thrown by the current heavyweights, the economy and earnings. While a report on home prices was disappointing, it …
G-20 Relief
It was a rally right from the start after yesterday’s opening with the S&P; 500 heading straight for the 1,200 level. Support came from the G-20 meeting, which ended as all of those types of meetings end: long on talk, but short on results. I guess the positive twist was that nothing was really decided other than a call for …
Protecting Junk
Chart courtesy of YahooFinance With interest rates near zero, income investors have been pouring money into junk bonds at an alarming rate. JNK, see above chart, is one of the more popular ETFs and has grown to over $5 billion in assets. With an average daily trading volume of almost $90 million, it’s a snap to get into or out …
Back To The U.S.
I am leaving Germany this morning and will be heading back to California, so I won’t have a chance to write Sunday’s musings. Regular posting will continue on Monday.