Update for Friday, February 12, 2010

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2. "Greece Lightening"

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5. "Sunday Musings: No Free Lunch"

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

http://www.successful-investment.com/StatSheet/SS021110.htm

This StatSheet is updated through Thursday, February 11, 2010.
The next scheduled update will be Thursday, February 18, 2010.

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Friday, February 12, 2010

TUG-OF-WAR

This week proved to be a battle for supremacy between bulls and bears as the markets meandered but managed to close slightly higher from last Friday.

The market moves were predominantly sideways with large prices swings on a daily basis, leaving the direction of the longer term trend in doubt.

The main focus was on the Greek debt issue, and the markets played off that scenario depending on the news du jour. Adding some uncertainty today was China's central bank when it announced a tightening of lending policies to curb growth. Tempered growth will of course have an effect on global companies that have counted on continued high demand to increase sales.

Our Trend Tracking Indexes (TTIs) followed the theme of the market and remain above their trend lines as follows:

Domestic TTI: +2.96%
International TTI: +1.74%
Hedge TTI: -0.82%

Domestic economic reports were mixed and did not seem to affect the markets. Volume was light ahead of Monday's President's Day, which increased volatility.

At this juncture, the markets seem to strain to gain upward momentum, and it appears that the path of least resistance would be down. As the Euro zone saga continues, a new driver is needed to give the major indexes some much needed support. I am not sure where that would come from, which means more of the same may be on the menu for next week.

Have a good weekend.

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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