No Load Fund/ETF Tracker updated through 1/24/2008
My latest No Load Fund/ETF Tracker has been posted at:
Wild swings in world markets caused the Fed to implement a 75 basis points surprise cut in interest rates. Some price stabilization resulted but the major trend is still down.
Our Trend Tracking Index (TTI) for domestic funds/ETFs moved to -0.61% below its long-term trend line (red), and therefore into bear territory, as the chart below shows:
The international index dropped to -8.31% below its own trend line, keeping us in a sell mode for that arena.
For more details, and the latest market commentary, as well as the updated No load Fund/ETF StatSheet, please see the above link.
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