Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned.
The first report covers the ETF Master List from Thursday’s StatSheet and includes 398 ETFs, of which currently 344 (last week 354) of them are hovering in bullish territory.
The second report includes only High Volume ETFs. To clarify, High Volume (HV) ETFs are defined as those with an average daily volume of $10 million or higher.
These ETFs are generated from my selected list of some 93 that I use in my advisor practice. It cuts out the “noise,” which simply means it eliminates those ETFs that I would never buy because of their volume limitations. 72 ETFs (last week 80) have managed to remain in bullish territory after the recent market volatility.
The third report covers Mutual Funds on the Cutline. There are currently 803 (last week 801) above the line and 56 below it out of the 859 that I follow.
Take a look:
2. ETF High Volume Cutline Report
In case you are not familiar with some of the terminology used in the reports, please read the Glossary of Terms.
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Comments 2
Hi there Ulli. I’m a long term follower of your work, which I really appreciate. I spend every Saturday reviewing your Stat Sheets. I notice that you rank the various MFs/ETFs by BM Index on the Stat Sheets, while you rank them by % MA on the Cut Line Report.. Why is that?
Best to you,
John
Hello John,
The reason is that you have a different view of the rankings. Some readers prefer looking at the Cutline report wanting to track those funds/ETFs that barely have or are about to cross their respective long-term trend lines to the upside, in order to get aboard early. Others prefer using the M-Index to make that decision. So, a different sorting order will better accommodate the various investing styles.
Ulli…