My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpBetter than expected data, caused by very low expectations, was the driving force behind this week’s rally. The S&P; 500 broke the 1,100 level for the first time since August 10. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +3.19% (last week +2.01%) and …
Growth Hope Powers Rally
The bulls stuck it to those bears yesterday, which had eagerly shorted the equity market ahead of time in anticipation of the historically worst month of the year approaching. The ensuing rally was based on short covering along with renewed hope as better than expected manufacturing numbers and strong economic reports from China and Australia cheered investors. Of course, as …
Struggling
There was nothing easy about the final day of August yesterday as the major indexes continued their struggles. At the end of the day, we ended up just about unchanged after again bouncing off the S&P;’s 1,040 level. Now we are staring September in the face, a month that has historically not been kind to equities but has been a …
Looking For Inspiration
So much for Friday’s feel good rally. There was absolutely no upside follow through on Monday, and the major averages headed straight down with an occasional uptick (see chart; courtesy of marketwatch.com). While the government report on personal income and spending was in line with estimates, there had been hope for a surprise to the upside. Dashed hope turned into …
Are Dividend ETFs A Good Alternative To Bond Funds?
Much is being written about a potential bursting of the bond bubble. I have commented on several occasions as to how we will handle that event via our sell stop discipline, whenever it occurs. Keep in mind that, just like the equity collapses in 2000 and 2008, bubbles don’t burst overnight. There will be a slow deterioration in prices first …
Sunday Musings: M-Index Rankings
The M-Index rankings featured in my weekly StatSheet provide assistance in making proper fund/ETF selections when buy signals are being generated. The best time to utilize the ranking system is at the beginning of a buy cycle, right after trend lines have been crossed to the upside. In other words, we are looking at bear market territory in the rear …