In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 4/14/2013.
It now looks like the major indexes only took a breather the prior week before continuing their ascent towards a new milestone marker during the past five trading days, which would be the 1,600 level for the S&P 500.
While we did not quite get there, the benchmark nevertheless added 2.3% and touched the 1,593 level before pulling back slightly. Given that fundamental data points show an opposite picture of what the stock market indicates, we know, as I posted many times, that the driver of these rallies is the Fed’s enormous monthly money printing effort.
Be that as it may, we will continue to track the long-term trend as long as this orgy lasts and will follow our sell stop points to the exit doors; whenever that moment in time arrives.
Over past week, we covered the following: