Reader Mark has some justified concerns as to where we’re going economically and how we can prepare ourselves investment wise for an uncertain future. Here’s what he wrote: I want to ask you about something that is beginning to worry me as it relates to the markets domestically and to a lesser degree internationally. Much of the world is pinned …
Little Volume—Big Returns
Reader David pointed to a link titled “ETFs With Little Volume but Big Returns, Revisited” and commented as follows: This article discusses “wide-spread confusions” re the significance of an ETF’s average daily volume, or per-minute dollar amount traded. I am one of those confused, and I would appreciate your discussion of this article. I recall you writing that you avoid …
No Load Fund/ETF Tracker updated through 1/6/2011
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe first trading day of the year made the week, and the S&P; 500 added 0.8%. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +4.82% (last week +5.09%) and remains in bullish mode. The international index has broken above its long-term trend line …
Heading To Higher Ground
Sometimes, Wall Street simply chooses to ignore good news. That was the case yesterday as the ADP National Employment Report estimated that 297,000 jobs were created, which was nearly triple of expectations. Another report showed that non-manufacturing expanded rapidly and at the fastest clip since 2006. The markets sold off early but clawed back and managed a modest but steady …
Pausing
While equities sold off early morning yesterday, the damage was very much contained as the afternoon session brought in renewed buying and kept losses at a minimum as the chart above shows. Commodity prices were pressured with gold and silver taking the brunt of the hit. Gold dropped below the 1,400 level while crude oil traded below the $90/barrel mark. …
Starting 2011 On A High
Picking up on the positive momentum from 2010, the markets welcomed 2011 yesterday with their biggest rally in nearly a month. For most of the day, it looked like a triple-digit pop in the Dow, but a last hour fade took back nearly a third of the gains. Nevertheless, the rally was broad with most sectors participating. Commodities moved higher …