Update for Friday, September 18, 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. "Whipsawed? Now What?"

2. "Distributions And Sell Stops"

3. "Revisiting Sell Stops Again"

4. "Reader Help Requested"

5. "New Ranking Scheme For Target-Date Funds"

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/SS091709.htm

This StatSheet is updated through Thursday, September 17, 2009.
The next scheduled update will be Thursday, September 24, 2009.

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Friday, September 18, 2009

BELIEF REPLACES HOPE

The market ended up higher for the eighth time in the past 10 weeks as traders started to believe rather than hope that the economic recovery is on track. Again, my view is that the current market level is pricey and in no way aligned with reality. Any doubt about the recovery being forthcoming, will pull the major averages off their lofty levels in a hurry, which means having an exit strategy in place is an absolute necessity.

Nevertheless, for the week the Dow added 2.4%, while the S&P 500 and Nasdaq were up 2.6% and 2.7% respectively. Our Trend Tracking Indexes (TTIs) moved higher as well and are positioned above their long-term trend lines as follows:

Domestic TTI: +8.41%
International TTI: +17.05%
Hedge TTI: +3.43%

Next week, key economic events will be the Fed's meeting on interest rates with the outcome to be fairly predictable in that no change in policy is expected. Existing and new home sales will hopefully provide some clue as to any improvements in the real estate arena.

The psychological market level to come into play will be Dow 10,000. We're only 200 points away, but the prevailing opinion is that if this level is solidly broken to the upside, it could send the entire market higher. I won't hold my breath but, if that should happen, we are well positioned to take advantage of further advances.

Have a good week.

Ulli...

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Do you have a question regarding your mutual fund investments?

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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:

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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:

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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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