My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php A very negative consumer sentiment index today pulled the major indexes off their lofty levels. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +1.28% (last week +1.34%) and remains in bullish mode. The international index has now broken below its long-term trend …
Hear No Evil, See No Evil
It wasn’t a straight road, but the Dow managed to stagger to its 7th higher close in a row yesterday, although only by the slightest of margins. Wall Street seemed to be enamored by and only focused on Intel’s bullishness by totally disregarding other economic news, which indicated anything but a continued recovery in the second half of the year. …
Bouncing Against The 1,100 level
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 …
Nothing Doing
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 …
Buffett: “We’re Coming back”
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” …
Sunday Musings: Trend Tracking Thoughts
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 …