In last Friday’s market commentary, I talked about the fact that we have reached the upper band of the recent trading range and that a potential break above the S&Ps; 200-day moving average could mean a resumption of the bull market. This level could also present major resistance and pull the indexes off their lofty levels. Reuters reports more on …
Sunday Musings: The WSJ On Trend Investing
The WSJ featured a niece pieced titled ‘Trend’ Investing Gains Converts: Proponents of “trend” investing—buying and selling stocks depending on technical analysis of the market’s direction—say the tactic not only enables investors to navigate unstable markets, but also prevents big losses when prices fall. This stance is winning converts at a time when concern about the strength of the U.S. …
A Mutual Fund That Tracks Trends Via ETFs
Hat tip goes to a couple of readers for pointing to a mutual fund that actually tracks trends (by investing in ETFs) and moves to cash when a bear market strikes or during times of uncertainty.The fund is Stadion Managed Portfolio (ETFFX). To get a better idea of its price movements, let’s first look at a 2-year chart: It’s interesting …
No Load Fund/ETF Tracker updated through 7/22/2010
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php Across the board positive earnings pushed the major indexes to the top of their trading ranges despite warnings by the Fed that a recovery might take longer than expected. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +2.62% (last week +1.28%) and …
Cliff Diving
For the most part of the day, the markets were entrenched in a sideways pattern yesterday, when suddenly the indexes dropped like a rock as if pushed off a cliff. The culprit was none other than Fed chairman Bernanke who testified before congress about the state of the economy. His words were anything but assuring for Wall Street as he …
Markets Dig Out Of A Hole
The markets still had a hangover yesterday from Monday’s disappointing results by IBM and TI. Nevertheless, a rebound materialized reminding me of the old adage “one man’s trash is another man’s treasure,” as buyers saw opportunities where others saw disaster. Domestically, the only negative news came from the housing sector with housing starts falling again while building permits were up. …