| THE
NO LOAD MUTUAL FUND/ETF TRACKER
Update for Friday, November 13, 2009
---------------------------------------------------------
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. "Deploying “Stopped Out” Money"
2. "An Emerging-Markets Bubble?"
3. "A Lot Of Green"
4. "Price Discrepancies"
5. "Sunday Musings: Missing The Point"
6. "How To Track Your Sell Stops"
This is another free service, so spread the word to your friends.
-------------------------------------------------------------
THE LINK TO OUR CURRENT MUTUAL FUND/ETF STATSHEET is:
http://www.successful-investment.com/StatSheet/SS111209.htm
This StatSheet is updated through Thursday, November 12, 2009.
The next scheduled update will be Thursday, November 19, 2009.
-------------------------------------------------------------
Friday, November 13, 2009
OVERHEAD RESISTANCE
The markets started this week with a bang to the upside, a little slippage, which was followed by a strong finish. When all was said and done, the Dow added 2.5%, while the S&P 500 and Nasdaq were up 2.2% and 2.6% respectively.
Decent results and guidance from Disney and some of the retailers provided the spark today to keep the rebound alive after yesterday's pullback. A lower dollar supported the market along with commodities and gold. This has been a recurring theme for several months now that stocks have risen every time the dollar has fallen and vice versa.
Our Trend Tracking Indexes (TTIs) inched higher and have positioned themselves above their long-term trend lines as follows:
Domestic TTI: +8.45%
International TTI: +13.21%
Hedge TTI: +1.63%
Despite today's unexpected decline in consumer confidence, the markets rallied anyway as they have in the past few months even when economic news were questionable at best.
This week, technically speaking, overhead resistance surfaced as the S&P 500 tried to pierce its 1,100 level several times. Any break above could lead to higher prices and would be a sign that upward momentum has resumed. Failure to break this psychologically important number could result in a sharp pullback.
Next week, all eyes will be on important retail earnings along with guidance as the all important Christmas season nears.
Have a good week.
Ulli...
---------------------------------------------------------------
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:
http://www.successful-investment.com/money_management.htm We are located at: 18685 A-Main Street, #606
Huntington Beach, CA 92648 Until next week. Ulli...
Return to Newsletter Archive =============================
Ulli G. Niemann
Registered Investment Advisor
714.841.5804 Toll free: 866.580.6764
http://www.successful-investment.com
============================= |