Good morning. Very
slow week for the
market on a weekly
basis, but
complete with a
significant down
day on Monday and
a large up day on
Wednesday. The
market continues
to move somewhat
violently within a
range based on
whatever news
seems to be
significant on a
given day. On that
same theme, the
market continues
to make news based
significant moves,
followed by
literally hours of
very slow and
static trading...
The Federal Reserve did a
masterful job of placating both the economic doves and the
inflation hawks this week. Its mastery over the grumbling
adversaries had nothing to do with what was actually done
during the two-day policy-setting meeting held on Tuesday
and Wednesday. As expected, the central bank kept the
federal funds rate, the short-term rate over which it has
direct control, at the near zero level set back in
December...
To discuss the PIP, please contact
Dan Haugh at
800.821.4968.
PTI's Protected
Index Program® Performance
PIP vs. S&P 500
Performance
indicates cumulative
gains since
inception, YTD,
1-month, 1,3,5
and 10-year records
endingMay 31,
2009,
that the PIP
has produced
consistent
returns in a
hedged portfolio.
Performance
indicates cumulative
gains since
inception, YTD,
1-month, 1,and
3-year records
endingMay 31,
2009,
that the PIP
has produced
consistent
returns in a
hedged portfolio.
Fortucast Market
Timing Inc. publishes DAILY and INTRADAY reports on over 20
futures markets, mutual fund indices and ETFs using Gann,
Elliott wave and five cyclical models. The weekly update in
this space is excerpted from Fortucast Daily Financial Timer.
