If you are in need for some arguments as to why the markets will move higher, take a look at “Get ready for an epic bull market:” Investors are scared. Workers are worried. And pessimism reigns. Yet in one market, a boom is under way. I’m referring, of course, to the bond boom: For the year, the iShares Barclays 7-10 …
Sunday Musings: Wall Street
While I am not much of a movie buff, my wife and I did go out last week and saw “Wall Street.” I like actor Michael Douglas and, as anticipated, he played his role to perfection. While the story line was well done, personally I was hoping for a little more insight about the 2008 market crash. Details never emerged, …
Chart Patterns
Looking at chart patterns can sometimes help identify future market direction. While this obviously is not a perfect science, or a guarantee in any way that things should work out as a pattern indicates, I have seen remarkable consistency with some of them over the past 25 years. In previous posts, I have referred to some forecasters who include chart …
No Load Fund/ETF Tracker updated through 9/30/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpIt was a non-directional week, and the major indexes lost slightly. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +5.78% (last week +5.27%) and remains in bullish mode. The international index broke back above its long-term trend line by +5.43% (last week +5.57%). A …
Pullback
Several bullish attempts to break through last Friday’s close of 1,148 were rebuffed yesterday during a seesaw trading session. It may very well be an indication that upward momentum is either slowing or that this “Labor Day rally” is coming to an end. Of course, these days you can never be sure as the markets seem to ignore bad news …
Economic Uncertainty Pushes Gold Above $1,300
Hardly a day goes by without some piece of data being released, which casts doubt on the economic recovery. Yesterday, the culprit turned out to be a large drop in consumer confidence, although better-than-expected earnings from Walgreen offset the bad news helping the market close higher. The rally gathered some steam in the last hour of trading as the dollar …