My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php A zigzag week closed out the month of May with the major indexes suffering losses. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains above its trend line (red) to the upside by +1.06% (last week +1.29%) keeping the current buy signal intact. The effective date was June 3, …
Sizzle And Fizzle
The past two trading days were a tale of complete opposites. On Tuesday, we witnessed a sharp drop at the opening with the major indexes spending the remainder of the day clawing back to close around the unchanged line. Yesterday, it was the exact opposite as a nice rally fell apart in the last 1-1/2 hours, and we ended up …
Saving Dow 10,000
Yesterday, proved to be another breathtaking day on Wall Street. From my current vantage point in Hamburg, Germany, I was watching the European and Asian markets getting crushed with the U.S. futures pointing to a much lower opening. The Dow dropped almost 300 points right out of the gate while the S&P; 500 gave back some 3% initially and briefly …
Lack Of Follow Through
Many bulls had to be disappointed with the lack of follow through buying on Monday after Friday’s mini rebound. The upside attempt was there, as the chart shows, but in the end we closed near the day’s lows; not a good sign. As I am writing this late Monday night (actually Wednesday morning here in Germany), the futures are pointing …
Reader Feedback—Taking Out The Old High
With the markets having fallen sharply off their highs, our domestic TTI (Trend Tracking Index) is still hanging on to bullish territory, but only by a thin thread. Another meaningful down day/week and this indicator will most likely join the international TTI in bearish territory.Several readers have emailed over the past week or so with a similar theme in regards …
Traveling
As announced, I’m on my way to Germany, so there will be no article today. I will resume regular posting on Monday, although it may be at odd hours due to the time difference.