My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php No matter what the news, the major indexes only seem to know how to move higher. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +6.62% (last week +6.88%) and remains in bullish mode. The international index has broken above its long-term trend …
Recovery Hopes
The futures were right, as I mentioned in yesterday’s early morning post, and the markets picked up the momentum from Europe and galloped higher, although they closed well off their highs for the day, as the chart above shows (courtesy of MarketWatch.com). One of the reasons for the pullback was increased uncertainty caused by problems with home foreclosure proceedings. It …
Helping Fed
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.