The markets slipped slightly during the early trading hours yesterday with all eyes feasted on the outcome of the Fed meeting on interest rates. Leaving rates unchanged was pretty much a given, but the accompanying statement was the big unknown. After the release, the markets shot up, as the chart (courtesy of marketwatch.com) above shows, then dropped just as sharply, …
Breakout
After repeatedly banging their heads against the S&P; 500’s 1,130 resistance level, the bulls finally broke through this proverbial glass ceiling yesterday with a bang. It wasn’t even nip and tuck; it was a clear break out of the trading range, with the major indexes surging to their highest level since May. It was surprising to see the market move …
A Word About Dividend ETFs
Dividend ETFs are an important component in income investors’ portfolios. With the need to generate reliable cash flow in today’s zero-interest-rate-environment comes some complacency in that it is assumed that dividend producing ETFs provide a better buffer against sharp market downturns. I had this conversation with several readers recently, and it is simply an incorrect assumption. Take a look at …
Sunday Musings: Long Term Investment Opportunities
In various past posts, I have mentioned that it is my belief that, economically speaking, we’re heading down a similar path as Japan did over the past 20 years. Nothing was learned from their burst real estate bubble, and the same policy mistakes (bailing out failed banks, senseless stimulus packages, etc) have been made and are continuously being implemented. I …
Reader Q+A: M-Index Rankings
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 …