The Market
Technical
The indices (DJIA 12604, S&P 1341) had volatile but mixed day, with the Dow closing down, the S&P basically flat. Both remained well within their (1) short term trading ranges [12022-13302, 1266-1422] and (2) intermediate term uptrends [11959-16959, 1257-1837]. So no major trend is even close to being challenged.
However, on a much shorter term basis (1) within the short term trading ranges, additional support exists at 12344/1292 and resistance 12903/1384, (2) the DJIA fell below its 50 day moving average [12655] while the S&P is slightly above its 50 day moving average [1336] and finally (3) a very short term uptrend off the June lows has been developing. Yesterday the DJIA broke that trend line [12649] while the S&P remains slightly above it [1334].
Volume rose; breadth improved though the flow of funds indicator continues to degenerate. The VIX fell, finishing above the lower boundary of its intermediate term trading range and continuing to develop the head and shoulders pattern.
Showing posts with label financial markets. Show all posts
Showing posts with label financial markets. Show all posts
Thursday, July 12, 2012
Friday, January 30, 2009
Random Walk Author Likes Templeton China Fund
Princeton professor Burton Malkiel is best knows for his book, A Random Walk Down Wall Street.
His newest book is also a worthwhile read for investors interested in China--From Wall Street to the Great Wall: How Investors Can Profit from China's Booming Economy.
Here is a quick look at Malkiel's portfolio:
It should be noted his portfolio consists mostly of passively managed and exchange-traded funds. You might be surprised he is heavily invested in stocks with a third of his portfolio invested in emerging markets.
If you are looking to get up to snuff on China I recommend his book. You might also want to take a close look at his portfolio holdings listed above.
His newest book is also a worthwhile read for investors interested in China--From Wall Street to the Great Wall: How Investors Can Profit from China's Booming Economy.
Here is a quick look at Malkiel's portfolio:
- 20% Vanguard Total Stock Market ETF (VTI) (Tracks a broad index of U.S. companies)
- 20% Vanguard FTSE All-World ex-US ETF (VEU) (Tracks a broad index of stocks from developed and emerging foreign markets.)
- 20% Vanguard Total Bond Market ETF (BND) (Tracks a broad index of high-quality U.S. bonds)
- 10% Vanguard Capital Opportunity (VHCOX) (An actively managed fund that likes big growth companies down on their luck)
- 10% Vanguard Emerging Markets ETF (VWO) (Tracks an index of stocks developing nations)
- 10% Templeton Dragon (TDF) (Invests in stocks from China and nearby nations)
- 10% Matthew's India (MINDX) (Invests in stocks from India)
It should be noted his portfolio consists mostly of passively managed and exchange-traded funds. You might be surprised he is heavily invested in stocks with a third of his portfolio invested in emerging markets.
If you are looking to get up to snuff on China I recommend his book. You might also want to take a close look at his portfolio holdings listed above.
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Random Walk Author Likes Templeton China Fund
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