Keep My Dollar » Investing

Domestic mutual fund flows down for 8 weeks in a row

admin — Thu, 01 Jul 2010 04:50:00 +0000

The Investment Company Institute released their weekly mutual fund flows after the market closed today and another $1.2 billion was withdrawn from domestic equity funds last week. This is 8 weeks in a row of withdrawals from domestic equity mutual funds.

However bad news for the equity markets appears to be good news for Bond funds. The . . . → Read More: Domestic mutual fund flows down for 8 weeks in a row

S&P closes right at support of 1040 but headed down

admin — Wed, 30 Jun 2010 04:15:42 +0000

The S&P dropped like a rock today and closed at 1041 above the low set in October 2009. There is a head and shoulders top forming and 1040 is the neckline. This level was penetrated right before the close today but managed to climb back above this level.

If you look at the chart there is nothing . . . → Read More: S&P closes right at support of 1040 but headed down

ICI Fund flows show another withdrawal from domestic equities

admin — Thu, 24 Jun 2010 12:29:14 +0000

The ICI fund flow weekly report came out yesterday and showed another week of withdrawals from Domestic Equity mutual funds.

From the report:

Source ICI

Equity funds had estimated outflows of $1.84 billion for the week, compared to estimated outflows of $2.90 billion in the previous week. Domestic equity funds had estimated outflows of $1.82 billion, while estimated outflows . . . → Read More: ICI Fund flows show another withdrawal from domestic equities

Euro backs off at 50 day moving average

admin — Wed, 23 Jun 2010 04:52:22 +0000

After the COT came out last Friday showing that the Euro had one of it’s greatest short coverings in a week in the history of the contract it made one final stab up yesterday morning. Then S&P unloaded downgrades on some of the Spanish banks and that was all she wrote. The Euro went from an . . . → Read More: Euro backs off at 50 day moving average

Where is the S&P going?

admin — Mon, 21 Jun 2010 01:27:24 +0000

This week should about tell the tale of where we are headed. The S&P 500 was up $25.91 last week for two up weeks in a row. That is the good news. Now the support at 1040 has held for the last two weeks, but we still have overhead resistance at the 50 day MA of . . . → Read More: Where is the S&P going?

$3.6 billion out of domestic equitiy mutual funds last week

admin — Thu, 17 Jun 2010 03:35:30 +0000

ICI released their weekly fund flows today and here is a whopping surprise. Funds again left domestic equitites.

Source ICI

Equity funds had estimated outflows of $2.88 billion for the week, compared to estimated outflows of $658 million in the previous week. Domestic equity funds had estimated outflows of $3.66 billion, while estimated inflows to foreign equity funds . . . → Read More: $3.6 billion out of domestic equitiy mutual funds last week

Bill Gross in Stocks?

admin — Wed, 16 Jun 2010 13:53:41 +0000

Bill Gross announced this morning that PIMCO is moving into equities which is a huge shift in their history. He thinks European equities represent a good value right now on a company by company basis, but returns will still be small. He also still maintains that Treasuries are the “go-to ” safety play since at this time the . . . → Read More: Bill Gross in Stocks?

S&P trading as the proxy for the Euro

admin — Tue, 15 Jun 2010 17:26:39 +0000

The S&P has become a proxy for the Euro price or vice versa. If you look at the S&P over the last month and a half it has followed the Euro, but as you can see from December 2009 thru April the two diverged from each other under the “Strong Dollar” thinking. After all the dollar . . . → Read More: S&P trading as the proxy for the Euro

Market view for the week

admin — Sat, 12 Jun 2010 17:16:21 +0000

The S&P 500 finished the week up over last week. It appears to be a short covering rally until sentiment can become more bullish. There simply aren’t any sellers out there right now. Given the drop in May prices need to at least stabilize before they head back down.

We should go test resistance of the 50 . . . → Read More: Market view for the week

S&P oversold and due for a rebound

admin — Wed, 09 Jun 2010 12:18:08 +0000

It appears the recent sell off in the market was a little to fast and is poised for a bounce. The S&P 500 has held support at 1050 and could see a 10% bounce back up to the 50 day moving average. This would form what appears to be the right shoulder of a . . . → Read More: S&P oversold and due for a rebound