Five reasons to love dividend growth investing

Five reasons to love dividend growth investing - An excellent article talks about investing in dividend stocks

Click Globe and Mail article to read.  Enjoy.

Source:  From Globe and Mail Newspaper

Nasdaq crossed 3000

Nasdaq composite index crossed 3000 for the first time in more than 10 years. Apple stock contributed a lot of gains to the index. Looking at the chart, the next resistance point is around 3200 dated around May 26, 2000. There are about 200 points to go. All indexes seem to have a uptrend except for TSX might be falling due to falling commodities prices.

Bank of Canada maintains interest rate at 1%

Bank of Canada maintains interest rate at 1% and remain at record low interest for the reminder 2012 calendar year. During these low interest rate , dividend investments are very important to the gain of the whole portfolio. Bank stocks ETF has a good track record of paying dividend out and it is good to include some dividend paying ETF in your portfolio.

Dow Jones Industrial Average 13000

It seems that DJI didn't really cross above 13000 on Tuesday, February 21, 2012. We will have to see today if it can actually test the mark again. I proceed to sell some more DJI index to take some profit off if it fails to cross above 13000 again.

S&P reaching to a resistance level

S&P raises 3 points today and it is reaching a resistance level. 1370 is the next resistance level. Next Monday, both US and Canada will have a day off, next week will be an important week to examine whether S&P can pass through the resistance level. However, my view is that it will not pass through the resistance level and I might take some profit off in some US securities next week.

Oil is raising...

The headline for this morning is that Iran cuts oil exports to six EU countries. The countries affected include Netherlands, Spain, Italy, France, Greece and Portugal. The price of oil is trading up this morning, hence, it will certainly have an impact to already a weak economy. The sold positions last week indicate it is a good move and will continue to monitor technical graphs to the major indexes. Canadian bonds seems to be a good investment for these uncertainly environment.

Not looking too good...

There are several factors indicated the market is heading lower:

1) Several indexes did not pass through the resistance from last year high around April, May or July 2011.

2) Greece issue and what do to do next

3) Have a health gain in late 2011 and early 2012.

I just sold some mutual funds on DJI, S&P and Financials.