It was party time on Wall Street yesterday as both, the Dow and the S&P; 500, cleared their respective milestone hurdles of 12,000 and 1,300 by a solid margin. Setting off the move past the resistance levels was a report indicating that U.S. manufacturing is showing the most strength since 2004. Helping matters was the fact that Egypt remained fairly …
Leaving Friday’s Losses Behind
Yesterday, the markets looked past the turmoil in Egypt and recouped a good chunk of Friday’s losses. Supplying the initial boost were a couple of takeover announcements and better-than-expected earnings from Exxon Mobil. Further helping the upside cause were two economic reports showing that the recovery maybe gaining steam. Consumer spending rose more than forecast as purchases, which account for …
Reader Q+A: Re-entering A Position After Getting Stopped Out
Here’s a reader question that comes up on a regular basis: As an employee of the xx company, I manage my Federal Thrift Savings Plan. If I get stopped out, what rules should I use to re-enter the market? I know you must get this question a couple of times a week but I couldn’t find the answer in your …
Sunday Musings: Clarification On Sell Stops And Distributions
Whenever markets correct and sell stops get triggered, there seems to be some confusion as whether the intended sell stop kicked in at the right time. Reader Paul was wondering about that with regards to the last Friday’s sell of BRF. He wanted to know why I waited until the fund had dropped 18% off its high before selling it. …
Looking At The Wrong Numbers
A few days ago, I ran into an old friend who enthusiastically greeted me with “Wow, did you see the Dow crossing the 12,000 level? My portfolio is now within 5% of what it was 3 years ago!”That seems to be theme of the news media these days as you’re being bombarded with statements like the S&P; 500 has risen …
No Load Fund/ETF Tracker updated through 1/27/2011
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.phpThe Egyptian crises pulled major indexes sharply lower today. However, for the week, the losses were modest. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +4.71% (last week +4.58%) and remains in bullish mode. The international index has broken above its long-term …