Equity ETFs Remains In Bear Market Territory; ETF Master Cutline List – Updated Through 8/26/2011

Ulli ETFs on the Cutline 9 Comments

Despite last week’s sharp market rebound in equity ETFs, it remains to be seen if that action was simply a sucker’s rally or the beginning of a new uptrend and resumption of the bull market.

While some momentum numbers have indeed improved, weakness prevails in the equity arena, while precious metals and government bonds of all durations continue to occupy the top spots above the cutline.

Ending with the close last Friday, we have now 43 ETFs positioned above the cutline, while 352 are solidly in the red. Much more work to the upside is needed to improve momentum numbers to a point where I would consider them investment material.

Take a look the latest report:

http://www.successful-investment.com/SSTables/ETFMasterCutline08262011.pdf

[If you are not familiar with some of the terminology used, please see the Glossary of Terms.]

As I have said repeatedly, this is not the time to be a hero and engage in bottom fishing below the cutline, as the trends clearly point down. Right now, you need to step back and let this situation play out until better opportunities present themselves. Remember these timeless words of wisdom: “Cash is a position too.”

Reference: “How do I use the ETF Cutline Table to make a Buy decision

ETF Cutline Post as of 8/22/11

ETF Cutline Post as of 8/15/11

ETF Cutline Post as of 8/8/2011

ETF Cutlline Post as of 8/1/2011

ETF Cutline Post as of 7/22/2011

ETF Cutline Post as of 7/15/2011

ETF Cutline Post as of 7/8/2011

ETF Cutline Post as of 7/1/2011

ETF Cutline Post as of 6/24/2011

ETF Cutline Post as of 6/17/2011

ETF Cutline Post as of 6/10/2011

ETF Cutline Post as of 6/3/2011

ETF Cutline Post as of 5/27/2011

ETF Cutline Post as of 5/20/2011

ETF Cutline Post as of 5/13/2011

ETF Cutline Post as of 5/6/2011

ETF Cutline Post as of 4/29/2011

ETF Cutline Post as of 4/21/2011

ETF Cutline Post as of 4/15/2011

ETF Cutline Post as of 4/8/2011

ETF Cutline Post as of 4/4/2011

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Comments 9

  1. Ulli,

    I do not understand your DD% value of 0.0 for DBA & DBC. Both aer up today and I just calculated -3.47% for DBA and -6.7% for DBC. There must be something wrong with your calculation that came up with a positive numberthat got trunceated to zero.

    By the way, this is the second time I had to write this message as first was not accepted due to a CAPTCHA code error. When I hit my browser back button, data that I had previously typed had been cleared out. You should try to have this fixed.

    I will copy this message just in case it happens again.

    Bob

  2. Bob,

    When the Domestic TTI data were reset in accordance with the Sell signal on 8/9/11, it also reset the DD% figures automatically. To alleviate this problem, I have reset the data base so that we have a continuous accurate data flow. With the next StatSheet/Cutline report, you will see again the correct calculations for the DD% column.

    Thanks for pointing it out.

    Ulli…

  3. Ulli,
    Just wanted to let you know that when trying to send you a reply, I have also experienced the CAPTCHA Code error problem that Bob mentioned.

    Paul

  4. Ulli,
    Just wanted to let you know that I have also experienced the CAPTCHA Code error problem several times when trying to send you a message.
    Paul

  5. Paul,

    We checked out the Captcha code and everything appears to be working fine right now. Maybe the site was just temporarily offline…

    Ulli…

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