ETF/No Load Fund Tracker StatSheet
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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:
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Market Commentary
Friday, April 22, 2011
ETFS BUNGEE-JUMP BACK
So far, Monday’s sharp sell-off, caused by Standard & Poor’s outlook change on U.S. Government debt to negative, turned out to be a one-day event.
The major market ETFs bounced off Monday’s bottom and rallied to close the Holiday shortened week higher, with the S&P 500 gaining 1.3%. The S&P’s 50-day moving average offered support, and we ended up closing 1.32% above it.
Worries about inflation, and the global economy in general, including U.S. Government debt, helped the metals push to historical highs with gold conquering the $1,500 level, while silver jumped above $46.
The stock market shifted into overdrive on Wednesday supported primarily by blowout earnings by Apple, whose revenue now exceeds that of IBM. Technology in general provided the fuel for the strong market advance.
Some earnings disappointed, but the market effect was negligible. Even a weakening dollar and a poor reading of the Fed’s manufacturing index, indicating a possible slowdown, along with ever rising crude oil prices, were not able to put much of a dent in the rally.
Our Trend Tracking Indexes (TTIs) recovered as well and moved deeper into bullish territory by moving above their respective trend lines by the following percentages:
Domestic TTTI: +4.79% (last week +4.21%)
International TTI: +5.71% (last week +4.47%)
Next week, earnings reports will continue and the economic menu will bring us stats about New Homes Sales, Consumer Confidence, Durable Orders, GDP and Initial Claims, just to name a few.
The S&P 500 and Nasdaq have now reached a point that is within 0.5% of their 2011 highs, which were set on Feb 18. Let’s see if there is enough upward momentum left to break through these levels.
Happy Easter!
Ulli…
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READER Q & A FOR THE WEEK
All Reader Q & A’s are listed at our web site!
Check it out at:
http://www.successful-investment.com/q&a.php
A note from reader Jack:
Q: I’m sure this is impossible, but I know that age is not the most significant qualifier of how a portfolio should be comprised. I wish there was a way you could position your recommendations or whatever by a chart that was to the effect Very Conservative-Somewhat Conservative-Middle of road-More Risky-All in!
Like I say this is just a dumb impractical idea but I can tell from the letters you receive and the answers you give that your members are all over the place regarding their value of risk, yet I don’t know any other way to explain exactly what I’m after?
Thanks anyway.
A: Jack: I have addressed that via my announcement a couple of weeks ago regarding the blog schedule. It now features regular updates every Wednesday with “5 ETF Model Portfolios.” Take a look, in case you missed it; hopefully that will help.
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Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:
https://theetfbully.com/personal-investment-management/
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Back issues of the ETF/No Load Fund Tracker are available on the web at:
http://www.successful-investment.com/newsletter-archive.php
Contact Ulli