Weak housing and worries about Europe proved to be too much for the market yesterday and, after a modest opening rebound to higher levels, the major indexes slid for the remainder of the session as the chart above (courtesy of MarketWatch.com) shows. The S&P; 500 ended up below the 1,100 level and broke below its key technical indicator, the 200-day …
The Rally That Wasn’t
In a repeat performance similar to what we’ve witnessed so many times over the past few months, the markets turned an early intraday 140 point gain of the Dow into a losing session starting the week on a negative note. The losses were modest, so not much should be read into them. The driver for the morning rally was the …
More ETF Price Cutting
I am all in favor of lower fees when it comes to investment products. Charles Schwab & Co. (my custodian) has again upped the ante in “ETF deals get even better as Schwab cuts prices in price war:”Maybe the day will come when they will pay you to buy ETFs. That will be a great day, but don’t count on …
Sunday Musings: A Personal View
Reader Mel emailed the following comment: For some reason I was blocked from commenting on today’s blog. Here’s what I wanted to say, and you can feel free to post it: As always, I’m grateful for your posts, including the ones that re- post something interesting from elsewhere, but in this case I was especially interested in your comments. I …
Out For The Day
I am out for most of the day and will not have a chance to post. However, I will resume tomorrow with Sunday Musings.
No Load Fund/ETF Tracker updated through 6/17/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpTuesday’s strong up move held, and the major indexes not only gained for the week, but also stayed above their 200-day moving averages. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains above its trend line (red) by +2.46% (last week +1.38%) keeping the current buy signal intact. The effective date …
