ETFs On The Cutline – Updated Through 03/27/2026

Ulli ETFs on the Cutline Contact

Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not some obscure funds that nobody cares about.

The report is split into two parts: The winners that are above their trend line (%M/A), and the losers that are below it. The yellow line is the line of shame that separates them. You can see how many ETFs are in each group and how they have changed since the last report (116 vs. 111 current).

Take a peek:

The HV ETF Master Cutline Report

If you are confused by some of the terms we use, don’t panic. I have a helpful Glossary of Terms for you.

If you want to learn more about the Cutline method and how it can make you rich (or at least less poor), read my original post here.

ETF Tracker Newsletter For March 27, 2026

Ulli ETF Tracker Contact

ETF Tracker StatSheet          

You can view the latest version here.

DOMESTIC TTI BREAKS TREND LINE – GEOPOLITICS WEIGHS HEAVY

[Chart courtesy of MarketWatch.com]

  1. Moving the market

Stocks tumbled early and never really recovered, as fresh worries about the U.S.-Iran conflict and surging oil prices kept the bears firmly in control.

Brent crude traded above $110 a barrel after new incidents in the Strait of Hormuz, while President Trump’s latest comments failed to reassure traders enough to start buying.

The Nasdaq officially fell into correction territory (down more than 10% from its October record), and the Dow flirted with the same territory after dipping below it intraday. For the full week, the Nasdaq was the biggest loser (down over 3%), followed by the S&P 500.

Interestingly, small caps eked out a small gain thanks to two big short squeezes earlier in the week.

The Mag 7 continued to dramatically underperform the rest of the S&P 493. Bond yields rose across the curve (though they softened a bit today), the dollar surged for the third week in the last four, and gold finally acted like a safe haven again, pushing back above $4,500.

Silver and copper outperformed gold for the week, while Bitcoin retreated below $66K but remains roughly unchanged since the war began.

Today’s drop pushed our domestic TTI below its long-term trend line (more details in section 3). The international TTI held up better but is also under pressure.

At this point, it feels like traders are no longer falling for the occasional glimmer of hope being jawboned about. They’re becoming more demanding for real progress, and any absence of it could lead to even more negative market moves.

Read More

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/26/2026

Ulli ETF StatSheet Contact

ETF Data updated through Thursday, March 26, 2026

How to use this StatSheet:

  1. Out of the 1,800+ ETFs out there, I only pick the ones that trade over $5 million per day (HV ETFs), so you don’t get stuck with a lemon that nobody wants to buy or sell.
  1. Trend Tracking Indexes (TTIs)

These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. If they fall below, and keep going, it’s a red light to sell. And to make sure you don’t lose your shirt if things go south, I also use a 12% trailing stop loss on all positions in these categories.

  1. All other investment areas don’t have a TTI and should be traded based on the position of each ETF relative to its own trend line (%M/A). That’s why I call them “Selective Buy.” In other words, if an ETF goes above its own trend line, you can buy it. But don’t forget to use a trailing sell stop of 12%, or less if you’re feeling nervous.

If some of these words sound like Greek to you, please check out the Glossary of Terms and new subscriber information in section 9.

  1. DOMESTIC EQUITY ETFs: BUY— effective 5/20/2025

Click on chart to enlarge

This is our main compass, the Domestic Trend Tracking Index (TTI-green line in the above chart). It has broken above its long-term trend line (red) by +0.31% and remains in “Buy” mode, with our holdings being subject to our trailing sell stops.

Read More

No Safe Havens Today – Bears Dominate The Session

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

  1. Moving the market

The major indexes opened lower and stayed under pressure most of the day, weighed down by rising oil prices and ongoing uncertainty from the Middle East conflict.

Brent crude jumped 4% to above $107 a barrel, while West Texas Intermediate climbed 3% to over $93, as traders reacted to the latest developments.

President Trump posted on Truth Social that Iran “better get serious soon, before it is too late,” warning that once a certain point is reached, “there is NO TURNING BACK, and it won’t be pretty.”

He also described Iranian negotiators as “very different” and “strange,” claiming they were “begging” for a deal.

This came after Iran’s foreign minister said Tehran is reviewing a U.S. proposal but has no intention of direct talks. Gulf countries issued a joint statement condemning Iran’s “criminal” strikes on energy infrastructure and said they’re ready to defend themselves.

In short, nobody is quite sure where the truth lies, but the ambiguity can’t last much longer with Trump’s five-day deadline for talks looming.

In the end, risk-off sentiment dominated. “No deal” fears and the threat of escalation left traders de-risking across the board.

Oil and bond yields rose, stocks fell, the dollar strengthened, and both Bitcoin and precious metals got battered.

Gold broke below $4,400, and Bitcoin dropped from $72K to $68K. The Mag 7 continued to underperform the S&P 493 by a wide margin (now down 25% relative since the war began), with Microsoft off 24% YTD and Nvidia flat since July 2025.

Traders remain anxious ahead of tomorrow night’s Trump deadline. For sure, the market needs a fresh, clear driver to pull itself out of these doldrums.

Read More

From Early Jump To Steady Green Close – Markets Stay Positive

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

  1. Moving the market

Stocks jumped at the open after reports that the U.S. had delivered a 15-point peace plan to Iran aimed at ending the conflict.

The news, first reported by The New York Times and later confirmed by the Associated Press via Pakistani officials, sent crude prices tumbling.

West Texas Intermediate fell 3% to around $88 a barrel, and Brent dropped 3% to about $100. Bond yields also eased lower on the prospect of reduced geopolitical risk.

That said, the two sides still appear far apart, and attacks have continued. The Wall Street Journal noted that the U.S. is deploying the Army’s 82nd Airborne Division to the Middle East, and President Trump said Tuesday that Iran is “talking sense” and seems eager for a deal.

Oil and interest rates continue to be the main drivers for equities right now.

The markets held onto a positive tone throughout the session but came off their early highs after macro data offered little extra support.

All the major indexes finished in the green, with small caps being the modest outperformer.

Gold bounced off its 200-day moving average and tested $4,600 before fading, while Bitcoin tested $72K and then retreated to $71K. The dollar dropped early but recovered later.

With stocks bouncing on peace-plan headlines and oil pulling back, does this feel like the market is shaking off recent weakness and gearing up for more upside… or will the next round of jawboning and tit-for-tat quickly overpower today’s bullish attempt?

Read More

No Clear Progress On Iran – Indexes Close Moderately Red

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

  1. Moving the market

The major indexes started the day trying to build on Monday’s strong gains, but the momentum quickly fizzled out.

Crude oil resumed its rally as the Iran war dragged into its fourth week, adding to the uncertainty.

Traders were reacting to President Trump’s Truth Social post claiming the U.S. and Iran had held “very good and productive conversations” about ending hostilities in the Middle East.

Iranian state media quickly denied any direct talks, and The Wall Street Journal reported that while closed-door discussions had taken place through intermediaries, the two sides remain far apart and Arab mediators expressed doubt about a quick deal.

In the end, the lack of clear progress left the market with more questions than answers. The indexes closed moderately in the red (except for small caps, which held up better), and the Mag 7 once again underperformed the rest of the S&P 493 by a wide margin.

Bond yields edged higher, the dollar followed suit, gold stayed stuck around $4,400, and Bitcoin slipped below $70K amid uncertainty around the U.S. Clarity Act.

With nothing resolved in the U.S.-Iran conflict, the tit-for-tat continues, and the markets are likely to keep meandering until a real resolution is accepted by all parties.

Read More