Even though yesterday’s closing prices did not reflect the intra-day activity, it was a wild day nevertheless. The chart above (courtesy of freestockcharts.com) represents Tuesday’s 5-minute interval moves of SPY. It was waiting time until the Fed announcement, which occurred as indicated via the red arrow. Prior to that, the markets were down, then shot straight up and whip-sawed the …
Waiting For The Fed
The markets meandered on low volume yesterday, however, with a positive bias, and we ended up closing about ½% higher. The Fed watch is on; not as much in regards to the question as to whether higher interest rates are on the horizon, but more importantly if they will come up with any grand ideas to improve the sagging economy. …
Helpful Hints: Converting Mutual Funds To ETFs
MarketRiders features an interesting online mutual fund cost calculator. It allows you to input sever ticker symbols as well as the amount invested. The program then returns the yearly loss from mutual fund fees, which is a sobering number if you look at it over 20 years. You are then prompted to input your email address for a detailed report …
Sunday Musings: A New Imminent Rally?
Hat tip goes to reader Jeff for pointing to “Of babies and hammers:” The stock market will get a major boost at the end of this week. That’s when Congress’ August recess begins, and it isn’t scheduled to go back in session until after Labor Day. What’s that have to do with the market? Plenty, apparently. The stock market on …
Competing With The Big Boys
Reader Dick had a general comment about what goes on in the markets: How can anyone think that the markets are behaving “normally” now? There’s High-Frequency Trading providing 80% of the market right now (from computers running in front of “regular” market computers); and ‘too-big to fail’ Investment Banks, including Goldman Sachs, able to pretty much borrow money for free, …
No Load Fund/ETF Tracker updated through 8/05/2010
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php Monday’s rally was almost wiped out by today’s poor unemployment report, but last hour buying along with short covering kept Friday’s losses manageable. For the week, the major indexes gained. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +3.48% (last week +2.50%) …