My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe sideways pattern continued although the major indexes managed to close slightly higher. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +2.96% keeping the current buy signal intact. The effective date was June 3, 2009. The international index has now …
More Commission Free ETFs
After Schwab had thrown down the gauntlet a few months ago by offering a small menu of commission free ETFs, it was only a matter of time before someone else picked it up. MarketWatch reports in “Big brokers cut commissions to draw ETF assets:” Online brokers are fighting hard for a greater share of the fast-growing exchange-traded fund business, and …
Greece Lightening
After Monday’s pullback, the markets rebounded strongly more than wiping out the previous losses. The catalyst came in form of yet to be confirmed news that the European Central Bank has a plan to deal with Greece’s debt. Germany is allegedly working on a rescue package with possible loan guarantees, but these rumors were later rebuffed as unfounded. Nevertheless, that …
Uncertainty Reigns
Yesterday was not an uplifting day in the markets as an early rally faded, and the major indexes closed near their lows of the session. We have become almost accustomed to last hour rebounds just as we’ve seen last Friday, but no luck this time. The Dow closed below the 10k level for the first time since November as fears …
Automating Sell Stop Tracking
One of the most frequent requests has been the automation of tracking sell stops. While I use my data base and a customized spreadsheet to do that, some readers are not always near their computers and are looking for an alternative solution. I have found another site called SmartStops.net that provides this type of service. I have not tried it …
Sunday Musings: No Free Lunch
Economist Irwin Kellner had some interesting thoughts in “No such thing as a free lunch:”The budget that is now being put together for the coming fiscal year calls for the federal government to spend far more than it expects to take in. Last year’s budget deficit was the biggest in history in nominal terms and this year’s figures to be …