It’s been almost a month that the S&P; 500 has hovered around the 1,100 mark, which has become a major point of resistance. Any attempts to clearly pierce through this level have been rebuffed so far. This resistance has coincided with our Domestic Trend Tracking Index (TTI) finally closing its gaps as I alluded to in “How High Can We …
Head Fake
Reader Pat had this recent experience: Look forward to your weekly e-mails. Question:Last Friday’s jobs report showed how sensitive the market is to fear that the Fed will raise rates. It is not an “if” issue, but “when.” Knowing that the rise is inexorable, what ETFs can be used to capitalize on the rise in rates? I bought TBT with …
The Tax Advantages Of ETFs
It’s a well known fact that ETFs offer certain tax advantages over mutual funds. How do they come about? For more details please read “The ETF Creation and Redemption Process Explained:” Exchange traded funds (ETFs) are truly unique products with a number of advantages. One of the “pros” of ETFs is their tax efficiency, which is a direct result of …
Sunday Musings: Short-Term Correction, Long-Term Disaster?
Some have readers have pointed to Paul Farrell’s recent story titled “Obama’s ‘predictably irrational’ economic policies.” In case you missed it, here are some highlights: First: Kiss the rally good-bye, says Jeremy Grantham, legendary CEO of the $101 billion GMO money-management firm. Why? The market is overvalued 25%. A minimum 15% correction is coming in 2010, putting the Dow in …
New Money
I have discussed this before, but it’s an important subject that every investor wrestles with at one time or another: Should or should I not invest new money at this point? Reader Norm put it this way: I have been following your newsletter for some time and you saved me a lot of money last year. Would you put new …
No Load Fund/ETF Tracker updated through 12/3/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe major indexes kept their upward bias intact and closed the week higher. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +7.63% keeping the current buy signal intact. The effective date was June 3, 2009. The international index has now …