With the S&P; 500 support level of 1,040 having been decisively broken, the question some readers had is: Where is new support coming in as we enter bear market territory? Miynanville tried to shed some light on that question in “Why We Should Be Talking About S&P; 840:” With the magical 1040 level being tested in the S&P; 500, many …
Happy 4th of July Weekend!
I will be out all day and won’t have a chance to post. However, I will be back in the morning when regular posting will resume.
Sunday Musings: Deflation And Double Dip Recession
Reader Rick emailed the following question: I have been reading several blogs and newsletters that are stating that the US may be looking at a Double Dip recession later this year but even more so in 2011. What is your take on this possibility? Also, I am seeing more and more mention of deflation without much being said about where …
Deadly Bottom Fishing
Some readers like to look at fundamentals as a primary decision tool to add a position to their portfolio. Just because fundamental data seem to paint a rosy picture about a certain sector being ready to explode, does not mean that I will. Never ever have the famous words “it can’t go any lower” rung truer as in the case …
No Load Fund/ETF Tracker updated through 7/1/2010
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php The bears ruled, and the major indexes lost 5-7% for the week . Our Trend Tracking Index (TTI) for domestic funds/ETFs barely slipped below its trend line (red) by -0.40% (last week +1.19%). For more on how to handle this, please see the above link. The international index has …
Peeking Into Bear Market Territory
Today’s slightly lower close finally pushed our domestic Trend Tracking Index (TTI) below its long term trend line, although only by a fraction of a percentage. We slipped below the dividing line between bullish and bearish territory by a minuscule -0.06%. That is not enough to declare a defeat of the bulls by the bears. As I posted this morning, …