Chart courtesy of YahooFinance For many years, TKF, one of the closed end funds (CEFs) investing in Turkey, has been hovering in the top M-Index rankings during bull markets. As is the case with many CEFs, volume is simply too low for advisors to invest any meaningful client assets. TKF, for example, sports an average daily volume of only $750,000, …
Sunday Musings: Losing A Head And A Shoulder
What a difference a few weeks can make. In “Chart Patterns” I examined a huge Head-and-Shoulders (H&S;) formation that the S&P; 500 had formed early in October. Here’s what I said: …if prices rally from the top of the right shoulder and end up rising above the high point the “Head” has made (April 2010), all bets are off, and …
Technical Analysis: The Golden Cross vs. The Death Cross
One of the oldest systems to generate buy and sell signals for equity indexes is the crossover of the S&P; 500’s 50-day and 200-day simple moving averages (M/As). When the 50-day crosses the 200-day M/A from a level below, a buy signal is generated, which is also referred to as the Golden Cross. When it crosses from a level above, …
No Load Fund/ETF Tracker updated through 11/04/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe big three events of this week were all interpreted as positive, and the major indexes closed at new highs of the year. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +7.99% (last week +6.13%) and remains in bullish mode. The international index has …
Two Out Of Three
With yesterday’s elections, and the Fed’s announcement about QE-2, we made it through two big events with only Friday’s unemployment numbers waiting on deck. The elections turned out pretty much as expected, so there was no noticeable effect on market behavior or the general trend. I was watching the intra-day charts when QE-2 was announced, as confusion reigned at the …
Hopes Prevail
The major indexes rallied right out of the gate yesterday and never looked back. Hopes prevailed that the Fed will implement its program today to boost the economy as Wall Street in general bet on a Republican win. By the time you read this, the votes will all have been counted and the results and potential impact will be analyzed. …