With the markets having been on a tear since Labor Day, our Domestic Trend Tracking Index (TTI) has advanced at a very steep angle. The reason for that is that this indicator includes an interest rate sensitive component, which has, due to lower rates, exaggerated the slope. Let’s take a look at an enlarged portion of the TTI to the …
Traveling
As announced in last Friday’s weekly update, I will be travelling to Germany over this weekend and will not have a chance to update the blog. Regular posting will resume this coming Monday at the usual time of around 6 AM PST.
No Load Fund/ETF Tracker updated through 10/7/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a terrible jobs report, the major indexes closed to the upside. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +6.88% (last week +5.78%) and remains in bullish mode. The international index has broken above its long-term trend line by +6.77% (last week +5.43%). …
Going Nowhere
It’s amazing that obvious bad news does not send the market into a tailspin. This was the case yesterday as bulls and bears exchanged punches with no clear winner apparent. Causing some upheaval was the ADP National Employment report, which pointed to falling private employment during September. To be exact, U.S. companies shed some 39,000 positions in September after having …
Back In Rally Mode
Monday’s slippery slope in the markets turned into a foundation, which formed a base on which a solid global rally erupted on Tuesday. It was set off after the Bank of Japan unexpectedly cut its key interest rate to almost zero. With the yen being at a 15-year high, concerns kept mounting that Japanese exports will be suffering severely. Since …
A Slippery Slope
Questions about slowing economic growth along with profit-taking pulled the markets off their lofty levels yesterday. After the euphoric run up in September, the fundamentals will now have to play catch up via earnings and other reports. One fly in the ointment was that analysts cut back their earnings forecasts for the S&P; 500 index, which has not happened in …