Two factors were at play yesterday as a nice morning rally was derailed, which we’ve witnessed many times in the recent past. One, the S&P; 500 came within two points of its 200-day moving average of 1,108 which, if it should get decisively pierced, can set off more buying and a new rally. However, yesterday, computerized selling set in as …
Trend Line Talk
Reader RW had the following comments in regards to re-entering the market given the close proximity of the domestic TTI (Trend Tracking Index) to bear market territory: Could you clarify something for me? The domestic trend is still a little positive but you are out of all domestic ETF/Mutual Funds. Is that because each that you were invested in has …
Sunday Musings: On Debt And Deficit Spending
John Hussman wrote a nice piece in “Extraordinarily Large Band-Aids” after last Friday’s disappointing jobs report. Here are some highlights: I’ll reiterate that from our perspective, the essential difficulty of the market here is not Greece, it is not the Euro, it is not Hungary, and it is really not even the slow pace of job growth in the latest …
A Physical Gold ETF
With gold having successfully bucked the equity downward spiral, as well as having been in its own bull market, MarketWatch reports that “Buyers take a shine to new gold ETF:” Strong demand for a closed-end fund that holds gold bullion suggests that some affluent investors are willing to pay an expensive insurance premium for the ability to take possession of …
No Load Fund/ETF Tracker updated through 6/10/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpIn a reversal from the prior week, the major indexes gained for a change. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains above its trend line (red) by +1.38% (last week +0.52%) keeping the current buy signal intact. The effective date was June 3, 2009. The international index has now …
Rebound Failure
[chart courtesy of marketwatch.com]Yesterday, we saw a repeat of sizzle and fizzle in the market as a solid rebound rally had the Dow up by some 125 points and back over the 10,000 level. As has been the case more often than not lately, the activity during last trading hour took the starch right out of the momentum and down …