While Tuesday’s rebound raised hopes of a turn in short-term market direction, Wednesday’s sharp drop put an end to that hope – at least for the time being. Weakness in all areas of the market becomes especially clear in the High Volume Cutline report due to it covering only 90 ETFs. To clarify, High Volume (HV) ETFs are defined as …
Triple Punch Knocks Down Major Market ETFs – International Sell Signal Generated
The day started out to the downside, as a triple punch took the starch right out of yesterday’s rebound rally, which at this point looks like a dead cat bounce. Industrial production barely grew in May, manufacturing in the New York region unexpectedly fell and consumer prices rose 0.2%, which was slightly ahead of expectations. Add to that a falling …
6 ETF Model Portfolios You Can Use – Updated through 6/14/2011
The continued sell-off, saved by yesterday’s rebound, caused a shift in YTD performance of our various portfolios. The income portfolio (#5) moved back into the #1 spot with a gain of +4.89%, which was followed by the #3 portfolio with +4.79% and the #1 portfolio +4.28%. VEU (Foreign Large Blend) triggered its trailing sell stop and was sold on 6/13/11. …
Mutual Funds On The Cutline – Updated as of 6/13/2011
Amazingly, the continued sell off pushed all of last week’s equity mutual fund listings off the report and further below the long-term trend line (cutline) to a point where they have slipped below the -20 position. All of them were replaced by new weak equity funds dropping in from a level above the highest featured +20 spot. The number of …
Major Market ETFs Move Sideways
Despite a nice start to the upside, the major markets ETFs got stuck stuck and went nowhere after meandering around the unchanged line all day. In accordance with our sell stop discipline, we sold VEU, which affected several of our model portfolios, as you will see with the next report due out on Wednesday. A few selected mutual funds were …
ETFs On The Cutline – Updated through 6/10/2011
The selling continued this past week and improving equity momentum numbers were nowhere to be found. Most of the ETFs we discussed in last week’s report disappeared from the radar by sinking below the -20 position. New ETFs dropped in from a level above the +20 reading and are threatening to break the trend line to the downside. Here’s where …