In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 10/30/2011.
The markets continued to feed on Europe’s mother of all debt deals designed to solve broad issues after a 50% haircut agreement was reached. However, worries persist, and rightfully so, that the execution of the new master plan may be questionable as more details become available.
Nevertheless, upward momentum has improved and put our Domestic TTI back into ‘Buy’ mode as posted last Monday.
I have begun to ease into some equity ETF positions subject to my trailing sell stop discipline with full awareness that all is not well in the Eurozone. To my way of thinking, only more time has been bought without real changes to structural issues.
Still, the trend is up, and we’ll carefully follow its direction.
This week, we covered the following:Contact Ulli