Update for Friday, March 12, 2010

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This week's hot topics are:

1. "ETFs vs. Index Funds"

2. "ETFs And 401(k)s"

3. "Protection Against Rising Interest Rates"

4. "All Emerging Market ETFs Are Not The Same"

5. "Traveling"

6. "Wealth Destroyers"

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

http://www.successful-investment.com/StatSheet/SS031110.htm

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

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Friday, March 12, 2010

SLOW AND STEADY

The major indexes inched their way higher this week without much fanfare. The S&P 500 bounced against the 1,150 level the last couple of trading days, which was the high for the year reached in January before the markets corrected. This key technical level will be closely watched by many market technicians to see if it holds or if the bears can gain the upper hand.

Nevertheless, the indexes finished the week with their second gain in a row with the S&P 500 adding about 1%.

Our Trend Tracking Indexes (TTIs) moved higher with the market and further into bullish territory as the current positions relative to their long term trend lines show:

Domestic TTI: +5.01%
International TTI: +1.96%
Hedge TTI: +6.71%

Several important economic events are on the menu next week. The main focus will be the Federal Reserve's meeting on interest rates. While no change is expected, it would not surprise me to see a 1/4% increase in the Federal Funds rate; maybe as a potential inflation check, or to boost confidence in the dollar, or simply to hint that asset prices have gone up too far too fast fueling another bubble.

Rounding out the economic events will be reports on housing starts and building permits, PPI, CPI, initial claims and Leading Indicators. It promises to be a week with enough firepower to move this market higher or pull it from its lofty levels. We just have to wait and see.

Have a good 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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