ETF/No Load Fund Tracker For Friday, July 22, 2011

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ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2011/07/weekly-statsheet-for-the-etfno-load-fund-tracker-updated-through-7212011/

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Market Commentary

Friday, July 22, 2011

MAJOR MARKET ETFs BUNGEE-JUMP BACK

After losing 2.1% the prior week, the major market ETFs shifted into rally mode with the S&P 500 gaining 2.2%, which brings us back to the level from 2 weeks ago.

This past Tuesday, the markets received an assist from Apple’s blowout earnings and a new Senate budget plan. Upward momentum picked up stream again on Thursday, when more talk of debt solutions in the U.S. and Europe, along with a big health care merger, provided the necessary ammunition.

In the end, no real solutions to the debt issues that ail the world were found, but the markets managed to hang on to its gains so far. Back on the front burner domestically was the continued jawboning about the nation’s debt limit with no tangible results.

Following the rebound, our Trend Tracking Indexes (TTIs), moved back further into bullish territory by the following percentages:

Domestic TTI: +4.70% (last week +3.82%)
International TTI: +0.91% (last week -1.28%)

As you can see, the International TTI has now crawled back out of the basement and has crossed its trend line to the upside—again. We just finished doing this dance, as this indicator has no clear direction and has bounced slightly below and above this dividing line between bullish and bearish territory in the recent past.

We successfully avoided the last potential whipsaw signal and will try to go for a ‘two-peat.’ What that means is that, despite this move above the line, I will wait for a few trading days to see if this is just another head fake or the real thing before issuing a new ‘Buy’ for that arena. This is the time to be patient.

Next week, we’ll be facing a host of economic reports including Consumer Confidence, New Home Sales, Durable Orders and GDP, just to name a few. Earnings season will pick up speed, and I am sure, the European debt crisis will present us with new varieties of how to kick the can down the road and not face realities head on.

It promises to be another interesting week. As always, be sure to have your exit strategy in place, so you don’t stress when the heat is on.

Have a great week.

Ulli…

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READER Q & A FOR THE WEEK

All Reader Q & A’s are listed at our web site!
Check it out at:

http://www.successful-investment.com/q&a.php

A note from reader Leslie:

Q: Ulli: Is there an easy way to reach your updated TTIs and your associated comments?  Since the change in your blog, I can no longer easily find them.

A: Leslie: Nothing has changed other than the format of my blog. The weekly StatSheet is still being published every Thursday, and the Market commentary and StatSheet info are being mailed out every Friday.

If you like to access the latest version directly, go to www.TheETFBully.com, look for the heading “ETF Newsletter” on the black ribbon in the header and select “Latest Newsletter.” That will give you easy access to the latest StatSheet.

Hope that helps.

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Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:

https://theetfbully.com/personal-investment-management/

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Back issues of the ETF/No Load Fund Tracker are available on the web at:

https://theetfbully.com/newsletter-archives/

Contact Ulli

Comments 6

  1. I wondered why the Thailand Fund (THD) is off the country list… TF and TKF are both much smaller, and much less transparent, but you include them.
    On a much different note, I have been following Turkey Fund (TUR) for some time, and would appreciate your information or opinion on why it has been dropping steadily for months, in contrast to other semi-developed country funds like EWY, and IDX.
    Thanks, always.
    David

  2. David,

    I will add THD to the listings, and with its average volume of $22 million, it will make it on the High Volume ETF list as well. I have no clear answer for TUR. I have found it to be extremely volatile and fast moving in the past but can’t offer any fundamental reasons as to why.

    Ulli…

  3. Ulli , you are a treasure. I found you through the stock Gumshoe website. I have learned a great deal from your sample ETF portfolios and appreciate the added sector mutual funds category especially. Have shared you with family.

    With appreciation for your work,

    L.Larson
    Chevy Chase MD

  5. I actually agree with reader Leslie’s question about how the new format is not as easy to get to your blog. I could be wrong, but I seem to recall with the old email format there was a direct link to your blog from the email. With the new format there isn’t. It took me awhile to figure out the easiest way from your emails to get there. For anyone reading this, this is how. From the email click on “read it here”. This will take you to the online email-(to this page that you are currently on). At the very top click on the tab that says “Home” (just below the heading)- this will take you to the blog, which has the TTI chart. (Of course, I had saved a link directly to your blog as a back up, which the readers should do.)
    Ulli, a permanent direct link (to your blog) on the email being sent out would make it easier (especially for newcomers, who may not know you have a blog). Just my thoughts. PS-Great service, I found you several years ago and always looking forward for your Friday emails. In the past, I have subscribed to other’s services and then unsubscribed, but not yours (nor do I plan to).
    Thanks
    Alan

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