With smartphones being all the rage, an ETF consisting of the major players in this business was recently brought to the market. FONE started trading some 3 weeks ago as MarketWatch reports: “The index includes companies primarily involved in the building, design and distribution of the handsets, hardware, software and mobile networks associated with the development, sale and usage of …
Sunday Musings: Who Will Buy Treasuries When The Fed Doesn’t?
Bill Gross wrote and interesting piece in InvestmentNews titled “Who will buy Treasuries when the Fed doesn’t?” Let’s look at some highlights: Speaking of investment tips, no clue or outright signal could have been any clearer than the one given in December 2008, labeled “Quantitative Easing.” While the term was new, the intent was obvious: (1) pump public money into …
What Do You Do When An ETF Folds?
Out of the 1,000 or so ETFs that are currently available, I feature about half of them in my weekly StatSheet via the Master ETF list. The other half is too new and not yet worthy of tracking, since I like to see about 9 months of price data in order to be able to evaluate their trends. Out of …
No Load Fund/ETF Tracker updated through 3/10/2011
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php A roller coaster ride took the starch out of the current uptrend, and the major indexes lost for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +4.16% (last week +5.58%) and remains in bullish mode.
Still Struggling For Direction
The roller coaster ride continued after the major indexes were not able to build on Tuesday’s rally. Yesterday, it was nothing but treading water as the markets essentially went nowhere. Fluctuating oil prices and the Libyan turmoil combined to keep short term market direction neutral. On the other hand, the bull looks to be getting a little old and lacking …
Backpedaling
Oil continued to be in charge of market direction yesterday, as its intraday price rose to nearly $107 before falling back and closing at $105.44/barrel. Driving prices higher was continued fighting in Libya, as insurgents squared up against Gaddafi’s forces in fierce battles with civilians now becoming casualties as well. Since there seems to be no end in sight, fears …