Yesterday’s fairly calm day in the market pushed our domestic Trend Tracking Index (TTI) through the upper range of the neutral zone (+1.50%) to a level of +1.73% above its long-term trend line. As I mentioned in last Thursday’s post, I like to see that level supported for a few trading days to be sure that there is enough follow …
Another Bailout
Market Watch reports that the Bank of England is to unveil a mortgage bailout: Faced with rising mortgage rates that threaten to worsen a housing downturn, the Bank of England will unveil a plan Monday to allow banks to swap billions of pounds worth of mortgage-backed securities for British government bonds in a bid to thaw frozen credit markets, Chancellor …
Sunday Musings: Market Dichotomy
Last week’s rally, and the fact that our domestic Trend Tracking Index (TTI) is now within striking distance of a Buy signal, caused a number of readers to email with comments and questions. Some old sayings such as “sell in May and go away” were quoted along with fears of whipsaws due to continued market volatility. Others were worried about …
Dow Theory Update
A week ago, MarketWatch featured an update on the Dow Theory, the oldest market timing system in existence. Editor Richard Russell made an announcement that he now believes that the stock market has been in a primary bull market since the early 1980s: The lows of October 2002 and January 2008 therefore represent nothing more than “important secondary or cyclical …
No Load Fund/ETF Tracker updated through 4/17/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpTwo strong up days pushed the major indexes to their best week in 5 years. We are now in striking distance of a domestic Buy signal. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +1.43% above its long-term trend line (red), which means we are close to breaking …
Bullish Guidance
The markets took off yesterday after some decent first quarter earnings reports from eBay along with bullish guidance from Intel pushed the Dow to a 257 point gain. Helping matters were better-than-expected numbers from JP Morgan Chase and Wells Fargo. Sky-high crude oil prices did not seem to matter. IBM’s after-hours bullish report, along with raised profit guidance, could fuel …