As anticipated, the Fed’s minutes yesterday showed that the members of the FMOC are concerned about continued high unemployment and whether deflation will swamp the economy. It was not apparent as to when the Fed would act by injecting more cash into the economy via the purchase of Treasury securities. No specifics as to the amount of money intended to …
Calm Before The Storm
Made it over the big water hazard and arrived safely in Hamburg, Germany last night. With the bond market being closed on Monday, equities meandered aimlessly and closed at or within a few points of the unchanged line. There simply was no driver in sight to provide momentum in either direction; it almost looked like the calm before the storm. …
Watching The Gaps
With the markets having been on a tear since Labor Day, our Domestic Trend Tracking Index (TTI) has advanced at a very steep angle. The reason for that is that this indicator includes an interest rate sensitive component, which has, due to lower rates, exaggerated the slope. Let’s take a look at an enlarged portion of the TTI to the …
Traveling
As announced in last Friday’s weekly update, I will be travelling to Germany over this weekend and will not have a chance to update the blog. Regular posting will resume this coming Monday at the usual time of around 6 AM PST.
No Load Fund/ETF Tracker updated through 10/7/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a terrible jobs report, the major indexes closed to the upside. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +6.88% (last week +5.78%) and remains in bullish mode. The international index has broken above its long-term trend line by +6.77% (last week +5.43%). …
Going Nowhere
It’s amazing that obvious bad news does not send the market into a tailspin. This was the case yesterday as bulls and bears exchanged punches with no clear winner apparent. Causing some upheaval was the ADP National Employment report, which pointed to falling private employment during September. To be exact, U.S. companies shed some 39,000 positions in September after having …