With the markets having corrected three straight days in a row last week, some readers are getting close to having to execute sell stops and/or contemplating how to reenter the market should this downturn to be short-lived. Reader Bruce had this to say: Preparing for a market exit, I have been reading up on the short-term trading rules for funds …
The Rating Game Scam
Long time readers continue to ask why I no longer feature muni bond funds in the StatSheet and what I think about munis in general. While we’ve owned some muni funds back in 2006/07, I no longer support them in view of the busted real estate and credit bubble. It’s no secret that states, counties, cities and municipalities suffer from …
Sunday Musings: The True Picture
Mark Hulbert wrote and interesting story called “Lost and Found.” Here are some highlights: The “lost” decade? Maybe so. But, if so, this is not the first time over the last two centuries in which a decade has been lost. And on each of those prior occasions, the stock market “found” itself soon thereafter. am not the first commentator to …
Glass Ceiling Still Intact
On December 9, 2009, I posted in “Tough Overhead Resistance” that the TTI had closed the 2 exhaustion gaps made in 2008. This coincided with continued resistance of the 1,100 level of the S&P; 500. Here’s the TTI chart I posted back then: While the S&P; 500 has pierced the 1,100 mark, that level still appears to be a tough …
No Load Fund/ETF Tracker updated through 1/21/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe bears took over this week and subjected the major indexes to a spanking not seen since the lows of March 09. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +4.41% keeping the current buy signal intact. The effective date …
Clawing Back
The last three trading days provided a lot of market excitement but no clear direction. Friday, the major indexes closed down sharply, Tuesday they closed up sharply, and Wednesday all of Tuesday’s gains and then some evaporated again. It could have been a lot worse had it not been for some serious clawing back starting at half time. One of …