ETF/No Load Fund Tracker Newsletter For Friday, February 15, 2013

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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/2013/02/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-02142013/

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Market Commentary

Friday, February 15, 2013

US STOCKS SLIDE AS WAL-MART WEIGHS AMID ECONOMIC DATA; EUROPE FALLS AHEAD OF G20 MEETING

US equities closed mostly lower Friday with the S&P 500 snapping three days of gains in choppy trading as positive economic data was pummeled by worries over weak retail sales numbers.

Stocks tumbled in afternoon trading after Bloomberg reported a Wal-Mart executive termed the world’s biggest retailer’s February sales a total disaster in an internal mail. Wal-Mart fell 2.2 percent amid the worst sales start of a month in seven years. The retailer’s sales slowdown indicates the consumer is not as ready to come back as Wall Street was hoping.

Among economic reports, the University of Michigan/Thomson Reuters consumer sentiment index rose to a preliminary February reading of 76.3, the highest level since November, from a final January reading of 73.8.

Separately, a New York Federal Reserve report showed manufacturing picked up unexpectedly in February, with the Empire State manufacturing index moving into positive territory for the first time since July. Also, industrial production nationwide shrank by 0.1 percent in January after posting the biggest consecutive gain in three decades in the final two months of last year.

The Dow Jones Industrial Average (DJIA) climbed 8 points to close at 13,982, still lower 0.1 percent for the week while the S&P 500 Index (SPX) fell 2 points to 1,520 with energy sliding the most and telecommunications fronting the gains among its 10 business groups. The index, however, added 0.1 percent for the week, completing a seventh straight week of gains, the longest string of gains since January 2011.

Treasury prices fell, pushing yields up after economic reports showed manufacturing in the New York region jumped and consumer confidence rose to its highest level since November, diminishing demand for safer assets.

The Japanese yen’s rebound was cut short on Friday on anticipation the Group of 20 industrial and developing countries won’t single out Tokyo for pursuing a weaker currency.

Meanwhile, European stocks edged lower Friday as investors grew wary of equities ahead of a meeting of G20 finance ministers and central bankers in Moscow amid rising global currency skirmishes.

The Stoxx Europe 600 index dropped 0.2 percent to close at 287.34, leaving the index unchanged for the week and halting a two-week decline. The pan-European benchmark has gained 2.7 percent so far this year.

Our Trend Tracking Indexes (TTIs) pulled back slightly from last week’s close and ended as follows:

Domestic TTI: +3.01% (last week +3.35%)

International TTI: +10.51% (last week +11.04%)

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 Mike:

Q: Ulli: Thanks for all the support and work you do for ‘the little guy’!

In a recent Weekly StatSheet, ETF Master List (Excel file) there were several ETFs showing zero values and “-100.00%” DD% (XGC,ISI,XRO,HHH,PIV,TTH,BDH,IAH,IIH and FXM).

Was this correct or an ‘anomaly’?

A: Mike: No, as stated, when funds are marked zero or -100% it simply means that price data was not available at the time of publication…

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WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?

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

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