Update for Friday, October 23, 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. "Reader Feedback"

2. "Disagreement"

3. "A Different Sell Stop"

4. "Correction Worries"

5. "Sunday Musings: Should You Deploy New Money Now?"

6. "The TTI As A Short Signal"

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/SS102209.htm

This StatSheet is updated through Thursday, October 22, 2009.
The next scheduled update will be Thursday, October 29, 2009.

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Friday, October 23, 2009

SLOPPY AND CHOPPY

The uptrend ran into overhead resistance this week as a whip-saw pattern turned the Dow 10,000 level into the glass ceiling I mentioned in last Friday's update. Attempts to pierce through that important psychological level with conviction were rebuffed and, for this week, the bears remained in charge with the S&P 500 giving back a modest 0.7%.

Earnings reports were on the front burner and, while some cheered investors, many disappointed. Opposing forces were at work as the markets could not find a clear direction.

Our Trend Tracking Indexes (TTIs) vacillated as well, but remain entrenched above their trend lines in bullish territory by the following percentages:

Domestic TTI: +8.53%
International TTI: +14.90%
Hedge TTI: +1.85%

Next week, earnings season will shift into busy mode with nearly 3,000 companies publishing their report cards. In addition, a number of important economic reports are on the agenda ranging from GDP, housing and consumer confidence. The main focus will be on GDP (Thursday), which is expected to show an economic growth of 4.3% in the quarter. If this report misses the mark, Wall Street may interpret this as a negative, and the markets may sell off sharply as a result.

There is no sense in guessing any outcomes, I will simply watch my pre-determined sell stops and act if my exit points are triggered.

This will be my last weekend in Germany, and I will be travelling most of Monday. I expect to be back in my office on Tuesday with the usual jet lag as my companion.

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:

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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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