Category Archive

Even poor economic reports were not able to keep this market subdued for any lengthy period yesterday. A drop in the Consumer Confidence Index clearly confirms that job security, or insecurity, still contributes to a lack of spending causing this indicator to drop from 54.3 in November to 52.5 in December. Suspicions that the housing market is still in a …

Hat tip goes to Random Roger for this link to “More Gains in 2011?” All but two of the major Wall Street firms surveyed by Bloomberg have provided their 2011 S&P; 500 price targets. And so far, every single strategist has provided a year-end (2011) price target that is higher than the S&P; 500’s current level. The consensus year-end estimate …

I would like to extend my best wishes for a safe and happy Holiday season to you and your family. I will be taking a couple of days off but will be back on the regular posting schedule as of Monday.

My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe major indexes managed to add another 1% to this month’s tally. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +5.25% (last week +5.26%) and remains in bullish mode. The international index has broken above its long-term trend line by +7.17% (last week …

Right now, it appears that nothing can seem to end the persistent climbing of the major indexes. Yesterday was no exception as the markets ended up higher by a few points. Energy and utilities provided a boost along with better-than-expected existing home sales for November. Of course, oil rising above $90/barrel for the first time in 2 years can hardly …

Three things got the markets going early on yesterday. For one, there was some sigh of relief that dangers of another Korean shootout were laid to rest, at least for the time being. Second, rumor had it that N. Korea was showing willingness to let the United Nations inspectors monitor its nuclear program. Third, but not least, in regards to …