As announced last week, the mutual fund cutline report has been expanded to show more funds that have broken above the cutline (trend line).
Currently, there are 793 funds in my data base, of which I am listing the first 250 that are hovering above the cutline. On the bear market side, or below the cutline, I am tracking 76, out of which the first 20 are shown.
This will help you to follow funds you are interested in as they cross the trend line into bullish territory and follow them as either their momentum numbers improve or, depending on market direction, they succumb and drop back below the line. If there is enough reader interest, I can further expand this report to show all 793 funds.
Take a look at this week’s mutual fund cutline report:
With the markets being somewhat directionless, due to fears of the debt ceiling not being raised in time to avoid a default by the U.S. government, you might want to shift into a more conservative mode by holding off with new acquisitions until the picture becomes clearer.
While you may lose out on a potential relief rally, should the debt issue be resolved all of a sudden, you will also reduce your downside risk considerably, in case idiocy prevails and the U.S. not only defaults, but also loses its sterling AAA rating.
Quick reference to recent issues:
Disclosure: No holdingsContact Ulli