Category Archive

Alcoa started the earnings season on Monday and Wall Street seemed to like the better-than-expected report as the rally continued on Tuesday. After yesterday’s close, Intel’s report card not only exceeded expectations, but 3rd quarter guidance was positive and could provide more upside momentum today. The S&P; 500 raced towards the 1,100 level, but sold off in the end before …

The markets meandered most of Monday in anticipation of the start of the earnings season. The major indexes gained a tad as the chart (courtesy of marketwatch.com) shows: Alcoa reported slightly better than expected earnings after the close, which may give the market a boost on Tuesday. In the bigger scheme of things, all three major indexes remain below their …

In Saturday’s post “Is it time to take cover?” I featured Bob Prechter’s market view along with his extremely gloomy forecast. If you are in need of a more upbeat outlook, here’s what Warren Buffett had to say on the topic: In the interview, Buffett says “we’re on the right course” and encourages President Obama to speak with “enormous confidence” …

One reader emailed an interesting comment regarding trend tracking and the adherence to strict trading rules. Here’s the relevant part of what he had to say: I have written to you on the subject previously and thanks for the replies. You have devised a proprietary trend line as I understand it. You have a basic rule that is clean and …

Hat tip goes to reader Nitin for pointing to this article in the NYT about the latest thoughts from Robert Prechter in “A Market Forecast That Says ‘Take Cover:’” WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league …

My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php In a turnaround from last week, the markets rallied higher with the S&P; 500 gaining 5.3%. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved back up above its trend line (red) by +1.34% (last week -0.40%). For more on how to handle this, please see the above link. …