In case you missed it, here’s a summary of the ETF topics and market commentaries I posted to my blog during the week ending on 6/23/2013.
The bulls started the past week with a bang only to see the bears move in, take over and dish out a severe spanking.
The S&P 500 gave back more than 2%, while world markets in general hit the skids with our Domestic Trend Tracking Index (TTI) moving dangerously close to slipping into bear market territory. Again, as I have repeatedly pounded on, be sure to have your exit strategy in place and execute it as your sell stops tell you to do so.
With today being the 5-year anniversary of our last major sell signal (6/23/08), and our TTIs heading south, it is advisable for you to prepare your portfolio for evasive action. With the Fed’s policies having been the only driver for equity markets, you never know when this bull market will end; maybe it already has.
Over past week, we covered the following: