Yesterday’s market activity had no effect on our investment plans despite the ever present volatility. I am in still in a holding position waiting for the markets to decide on future direction before making any further adjustments.
The Trend Tracking Indexes (TTIs) are situated relative to their long term trend lines as follows:
Domestic TTI: +1.47%
International TTI: -0.74%
I did liquidate a few of our tax-free closed end fund holdings since some of them had declined beyond what is acceptable, which was caused by the credit crunch (interest rate gyrations) from the subprime fallout.