So far, the 1,300 level of the S&P; 500 has been a formidable opponent for the bullish crowd, as the markets sold off yesterday after coming within striking distance of breaking through that milestone. Despite the positive earnings from IBM and Apple on Tuesday, it was a reversal on Wednesday as the financials and technology shares were a drag on …
Nibbling At The 1,300 Level
Resiliency was the word of the day, as disappointing earnings from Citigroup and concerns about Apple were offset by upbeat manufacturing data. As we have seen so often lately, even a sliver of a silver lining gets the bulls going, and yesterday was no exception. The Dow lead the way higher and dragged the S&P; 500 and Nasdaq slightly above …
Muni Issues
I have been opposed to municipal fund investing for a couple of years now ever since the market crash of 2008. Initially, my reasons were only fundamental in nature but in November 2010, the technical aspects turned bearish as well. Let’s first look at The WSJ’s updated report in “New Hit To Strapped States:” With the market for municipal bonds …
Sunday Musings: Predictions For The ETF Industry
Seeking Alpha featured some interesting thoughts and upcoming changes for the ETF industry. Let’s listen in to “11 Predictions for the ETF Industry in 2011:”Last year was a very interesting one for the ETF industry, a stretch filled with both ups and downs. The industry suffered from numerous attacks that concerned investors about the possibility of an ETF collapsing and …
An All-World ETF
Would it not be nice to be able to invest in one ETF that covers the entire world? Now you can, as IndexUniverse suggests in “Rydex launches All-World ETF:”Rydex, the Rockville, Md.-based fund sponsor known for its flagship equal-weight S&P; 500 ETF, has launched a new equally weighted fund designed to measure the equity market performance of both developed and …
No Load Fund/ETF Tracker updated through 1/13/2011
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe major indexes slowly but surely moved higher again pushing the S&P; 500 within less than 1% of recapturing its 1,300 level. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +5.60% (last week +4.82%) and remains in bullish mode. The international index has …