Out of the 1,000 or so ETFs that are currently available, I feature about half of them in my weekly StatSheet via the Master ETF list. The other half is too new and not yet worthy of tracking, since I like to see about 9 months of price data in order to be able to evaluate their trends. Out of …
No Load Fund/ETF Tracker updated through 3/10/2011
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php A roller coaster ride took the starch out of the current uptrend, and the major indexes lost for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +4.16% (last week +5.58%) and remains in bullish mode.
Still Struggling For Direction
The roller coaster ride continued after the major indexes were not able to build on Tuesday’s rally. Yesterday, it was nothing but treading water as the markets essentially went nowhere. Fluctuating oil prices and the Libyan turmoil combined to keep short term market direction neutral. On the other hand, the bull looks to be getting a little old and lacking …
Backpedaling
Oil continued to be in charge of market direction yesterday, as its intraday price rose to nearly $107 before falling back and closing at $105.44/barrel. Driving prices higher was continued fighting in Libya, as insurgents squared up against Gaddafi’s forces in fierce battles with civilians now becoming casualties as well. Since there seems to be no end in sight, fears …
Investor Comfort Levels
The markets have been on a slippery slope in part thanks to the price of oil catapulting above its $100/barrel threshold. This is likely to continue throughout next week and beyond as unrest in the Middle East and N. Africa is sure to draw attention. The effect will likely be that the major indexes will again be torn by bullish …
Sunday Musings: The Last Down Leg
Last Sunday, I talked about “Looking Ahead To The Next Crash.” Today, let’s look at some highlights from “The Last Down Leg:” My market outlook hasn’t changed much since 2000: we’re in a secular bear market. I know, the market made a new high in 2007. It made a new high in 1973 as well, then fell off a cliff …