Update for Friday, August 21, 2009

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INTERESTED IN MORE “HOW TO” INVESTMENT INFO PLUS MY NOT ALWAYS POLITICALLY CORRECT RUMINATIONS ABOUT THE MARKET?

I have set up a blog to share my market analysis & insights -- and to sometimes blow off steam when something stupid (or brilliant) catches my eye. You can post comments and voice your opinion uncensored. Take a look:

http://thewallstreetbully.blogspot.com

This week's hot topics are:

1. "A Lesson In Economics"

2. "Against Expectations"

3. "Bears On The Prowl"

4. "Too Late To Get In?"

5. "Sunday Musings: The Invisible Economic Recovery"

6. "Post Crash Dynamics"

This is another free service, so spread the word to your friends.

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THE LINK TO OUR CURRENT MUTUAL FUND/ETF STATSHEET is:

http://www.successful-investment.com/StatSheet/SS082009.htm

This StatSheet is updated through Thursday, August 20, 2009.
The next scheduled update will be Thursday, August 27, 2009.

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Friday, August 21, 2009

SERIOUS BULLS

Monday's sharp sell-off turned out to be nothing more than a one-day event, which a few days later has long been forgotten. The bulls found enough ammunition to drive this market higher and today received an assist from Fed chairman Bernanke.

Whether he will be right or wrong in the long-term remains to be seen, but today he supported the bullish cause in his speech when he remarked that "economic activity appears to be leveling out, both in the Unites States and abroad, and the prospects for a return to growth in the near term appear good."

Be that as it may, the market took these words as a late summer present, and the major indexes headed higher. Helping this cause was a better-than-expected report on existing home prices along with crude oil's highest close of the year. For the week, the Dow added 2%, while the S&P 500 and Nasdaq rose 2.2% and 1.8% respectively.

Our Trend Tracking Indexes (TTIs) followed the overall market and are now positioned as follows:

Domestic TTI: +6.16%
International TTI: +15.20%
Domestic TTI: +3.19%

It's still amazing to me that the market has come as far as it has considering that millions of jobs have been lost, with no improvement in sight. Once the stimulus runs out and further prop-up speeches will be recognized for what they are, I have to question the staying power of this rally.

However, right now we are participating and following the trend until it ends. Our sell stops will then get us back into safety mode if that is what market behavior dictates.

Have a good week.

Ulli...

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Back issues of the Fund Tracker are available on the web at:

http://www.successful-investment.com/newsletter-archive.php

Do you have a question regarding your mutual fund investments?

I will always give you my unbiased and honest opinion. How can you be sure?

First, this is a free newsletter and it will not affect my renewal rates.

Second, I am not running for office and do not have to hide my thoughts in evasive language designed to obscure what I really mean.

So, feel free to send your questions to: ulli@successful-investment.com

All Reader Q & A's for this Buy Cycle are now listed at our web site! Check it out at:

http://www.successful-investment.com/q&a.php

WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?

Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:

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We are located at:

18685 A-Main Street, #606
Huntington Beach, CA 92648

Until next week.

Ulli...

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Ulli G. Niemann
Registered Investment Advisor
714.841.5804 Toll free: 866.580.6764
http://www.successful-investment.com
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