If you watch psychologically important levels, then the fact that the S&P; 500 and Nasdaq remained above 1,000 and 2,000 respectively yesterday, is definitely a good thing. Despite some bobbing and weaving throughout the session, last half-hour buying pushed the major indexes into plus territory, which means that the Dow and S&P; 500 have gained four trading sessions in a …
The Summer Rally Continues
It seems like no one bothered to look in the rear view mirror yesterday as the major indexes rallied on and broke two important psychological levels. The S&P; 500 managed to close above 1,000 for the first time since November 4th and the Nasdaq above 2,000, a level which it has not reached since October 1. This now brings the …
Should You Or Should You Not?
The current market rebound along with the questionable (and stimulus induced) economic recovery has some readers wondering to what extent they should participate in the current upswing. Here’s what Paul had to say: In spite of your skepticism regarding whether or not the market can hang on to recent gains, the trend for both US and International stocks has been …
Sunday Musings: Retirement Issues
Random Roger made some interesting observations in a recent post called “You Lost Me At Hello.” Here are some highlights: Yesterday Yahoo Finance ran this article from BusinessWeek about a “rule” for assessing where your savings compares to where it should ideally be. Meaning if you are 50 years old you should have X. X is not a number but …
Too Good To Be True
MarketWatch featured an interesting article called “Too Good To Be True.” Let’s look at some highlights: When consumers get defensive about their money, the financial services industry goes on the offensive. And there may never be a time where the business seems more offensive than it does now. Coming off monster losses where seemingly every investment strategy either failed or …
No Load Fund/ETF Tracker updated through 7/30/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpUpward momentum stayed intact, and the major indexes closed out the month of July with strong gains. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +5.86% keeping the current buy signal intact. The effective date was June 3, 2009. The …