The market zigzag of the past few weeks has made it abundantly clear again that whatever happens in Europe, or anywhere else in the world for that matter, does affect U.S. markets. The WSJ had more thoughts on the topic of decoupling in “No Sign of That Decoupling in Markets:” Earlier this week, there was a dubious meme being purveyed …
No Load Fund/ETF Tracker updated through 5/20/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDuring one of the more volatile weeks on Wall Street, the major indexes lost 4-5% with major support levels now having been broken. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains above its trend line (red) to the upside by +1.29% (last week +2.57%) keeping the current buy signal intact. …
Bouncing Off The 200-day Moving Average
Yesterday, the markets deteriorated sharply at first with the S&P; 500 finally finding support at its 200-day moving average of 1,101, which turned out to be the low of the day. The support level held for the time being, and we bounced off and ended up closing only 0.51% lower. It could have been far worse, as major selling would …
S+P 500 Heading Towards The 1,100 Level
The Euro got hammered yesterday giving our long positions in UUP a nice pop. That’s about the only positive that can be said about the market. The S&P; chart looks like a black diamond ski slope and price action seems to be headed towards the 1,100 level. With many professionals watching the 200 day moving average on the index (1,101) …
Who Is Affecting Who?
Reader John had this question regarding the interaction of world markets: The markets in China, Japan and Europe all trade and close before ours. I’ve often wondered if the trading on our markets is affected by the results in these other markets, like an “early warning system”. I would like your opinion on this, realizing that’s there is no absolute …
Limited Risks And Limited Returns
A new type of fund called “target band” fund is supposed to smooth the ride on Wall Street as MarketWatch submits in “Putting a speed limit on risk and return:” We have target-date funds. We have target-risk funds. We have absolute return funds. And now — just in time for this year’s market volatility — introducing “target band” funds. Target …