Update for Friday, December 11, 2009

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This week's hot topics are:

1. "Sell Stops And Ultra ETFs"

2. "Tough Overhead Resistance"

3. "Head Fake"

4. "The Tax Advantages Of ETFs"

5. "Sunday Musings: Short-Term Correction, Long-Term Disaster?"

6. "New Money"

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

http://www.successful-investment.com/StatSheet/SS121009.htm

This StatSheet is updated through Thursday, December 10, 2009.
The next scheduled update will be Thursday, December 17, 2009.

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Friday, December 11, 2009

GOING NOWHERE

Other than Tuesday's sell off, caused by Dubai debt problems and worries about the fiscal health of Greece, the markets meandered around the unchanged line, which is exactly where the S&P 500 closed today.

As much as the dollar has been the whipping boy of the world, beaten and bruised, the moment a crisis occurs someplace else, the flight to safety happens to be the United States. The dollar rallied, and gold along with the major averages slumped, at least for the day. That goes along with my thinking that eventually this rally will be brought to its knees by an outside event with the dollar at least temporarily reversing its downward trend and equities tanking.

Our Trend Tracking Indexes (TTIs) retreated slightly, but still remain above their respective long term trend lines by the following percentages:

Domestic TTI: +6.80%
International TTI: +10.69%
Hedge TTI: +0.67%

Improved retail sales helped matters today, but the jury is still out as to whether the Christmas shopping season can put a smile on retailers' faces. Early indications are questionable in that buyers seem to only be in the mood to put down some plastic if an item is deeply discounted.

Next week, we'll be facing a host of economic reports ranging from PPI, industrial production, housing starts, CPI and leading indicators that will definitely influence market direction. So far, the 1,100 level of the S&P 500 has been a formidable glass ceiling for the past month, and it will take some very positive economic news to not only pierce that number but also stay above it.

Have a great week.

Ulli...

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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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