ETF/No Load Fund Tracker StatSheet
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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:
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Market Commentary
Friday, July 22, 2011
MAJOR MARKET ETFs BUNGEE-JUMP BACK
After losing 2.1% the prior week, the major market ETFs shifted into rally mode with the S&P 500 gaining 2.2%, which brings us back to the level from 2 weeks ago.
This past Tuesday, the markets received an assist from Apple’s blowout earnings and a new Senate budget plan. Upward momentum picked up stream again on Thursday, when more talk of debt solutions in the U.S. and Europe, along with a big health care merger, provided the necessary ammunition.
In the end, no real solutions to the debt issues that ail the world were found, but the markets managed to hang on to its gains so far. Back on the front burner domestically was the continued jawboning about the nation’s debt limit with no tangible results.
Following the rebound, our Trend Tracking Indexes (TTIs), moved back further into bullish territory by the following percentages:
Domestic TTI: +4.70% (last week +3.82%)
International TTI: +0.91% (last week -1.28%)


