MarketRiders features an interesting online mutual fund cost calculator. It allows you to input sever ticker symbols as well as the amount invested. The program then returns the yearly loss from mutual fund fees, which is a sobering number if you look at it over 20 years. You are then prompted to input your email address for a detailed report …
Sunday Musings: A New Imminent Rally?
Hat tip goes to reader Jeff for pointing to “Of babies and hammers:” The stock market will get a major boost at the end of this week. That’s when Congress’ August recess begins, and it isn’t scheduled to go back in session until after Labor Day. What’s that have to do with the market? Plenty, apparently. The stock market on …
Competing With The Big Boys
Reader Dick had a general comment about what goes on in the markets: How can anyone think that the markets are behaving “normally” now? There’s High-Frequency Trading providing 80% of the market right now (from computers running in front of “regular” market computers); and ‘too-big to fail’ Investment Banks, including Goldman Sachs, able to pretty much borrow money for free, …
No Load Fund/ETF Tracker updated through 8/05/2010
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php Monday’s rally was almost wiped out by today’s poor unemployment report, but last hour buying along with short covering kept Friday’s losses manageable. For the week, the major indexes gained. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +3.48% (last week +2.50%) …
Edging Higher
Despite an early whip-saw move, the markets slowly but surely gained momentum yesterday and ended up closing higher as the chart above (courtesy of MarketWatch.com) shows. It wasn’t a huge move, but it solidified the price position above the S&P;’s widely watched 200-day moving average (currently at 1,115). Contributing to upside momentum were better than expected reports regarding private-sector payrolls …
Holding Above the Line
Some profit taking was expected after Monday’s strong push above the S&P;’s 200-day moving average. Although volume was fairly light, the pullback yesterday was modest, and we remained above the critical 1,114 level on the S&P; 500. Weaker home and auto sales, amidst worries about Friday’s upcoming jobs report, worked against upward momentum, but no harm was done. Interestingly, the …