In case you missed it, here’s a summary of the ETF topics that I posted to my blog during the week ending on 7/29/2011.
The drubbing continued, and the S&P 500 ended up losing 3.9% for the week. As I posted yesterday, we are within striking distance of breaking the S&P’s 200-day moving average to the downside, which will not bode well for equities.
Besides the uncertainty of the debt ceiling battle, looming large will also be Friday’s jobs report along with other economic data. This is not the time to be a hero and engage in bottom fishing; this is the time for portfolio preservation via my recommend trailing sell stop discipline.
My published Cutline tables and Model ETF Portfolios can give you an assist by indentifying weakness and strength in various market segments so that you can make better investment decisions by avoiding exposure in those areas that are trending down.
This week, we covered the following: