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 …
Back In Rally Mode
Monday’s slippery slope in the markets turned into a foundation, which formed a base on which a solid global rally erupted on Tuesday. It was set off after the Bank of Japan unexpectedly cut its key interest rate to almost zero. With the yen being at a 15-year high, concerns kept mounting that Japanese exports will be suffering severely. Since …
A Slippery Slope
Questions about slowing economic growth along with profit-taking pulled the markets off their lofty levels yesterday. After the euphoric run up in September, the fundamentals will now have to play catch up via earnings and other reports. One fly in the ointment was that analysts cut back their earnings forecasts for the S&P; 500 index, which has not happened in …
An Epic Bull Market?
If you are in need for some arguments as to why the markets will move higher, take a look at “Get ready for an epic bull market:” Investors are scared. Workers are worried. And pessimism reigns. Yet in one market, a boom is under way. I’m referring, of course, to the bond boom: For the year, the iShares Barclays 7-10 …
Sunday Musings: Wall Street
While I am not much of a movie buff, my wife and I did go out last week and saw “Wall Street.” I like actor Michael Douglas and, as anticipated, he played his role to perfection. While the story line was well done, personally I was hoping for a little more insight about the 2008 market crash. Details never emerged, …