ETF/No Load Fund Tracker Newsletter For Friday, November 1, 2013
ETF/No Load Fund Tracker StatSheet
THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:
Friday, November 1, 2013
EKING OUT ANOTHER GAIN
It seems like nothing can keep this market down, at least not for very long as the major indexes recovered after two days of heading south. Despite improving economic data, it’s anyone’s guess if that could convince the Fed to taper its stimulus program. Personally, I don’t think we are anywhere near the point where the economy can grow strong enough organically for the Fed to take the foot off the pedal.
The major market indexes edged higher with the S&P 500 gaining 2 points over the past five trading days. With the benchmark index having added some 4.5% in October, a pause is certainly in order as we have gotten somewhat overbought.
368 of the S&P’s 500 companies have presented their scorecard for the 3rd quarter, of which 75% exceeded analysts’ profit predictions while 53% scored higher on sales than estimated.
Nevertheless, fears remain that improved manufacturing data could cause the Fed to invoke tapering sooner rather than later. This will continue to be of regular concern depending on the interpretation of the latest data points. Median estimates are now for the Fed to begin its slowdown either in December or in March.
Our Trend Tracking Indexes (TTIs) pulled back and closed as follows:
Domestic TTI: +4.33% (last week +5.01%)
International TTI: +7.37% (last week +8.45%)
Have a great week.
READER Q & A FOR THE WEEK
All Reader Q & A’s are listed at our web site!
Check it out at:
A note from reader Joel:
Q: Ulli: In your latest e-book, and during various posts throughout the year, you mentioned that certain Index ETFs, like the ones of the low volatility variety, are better suited for the use with trend tracking.
Is there any way to get a list of these?
A: Joel: Actually, I am in the process of revamping the daily commentary to include exactly 10 of these, which are most suitable. They are selected by my MaxDD% indicator, which I will comment on in more detail.
The scheduled change along with these new “ETFs in the Spotlight” will be effective as of 11/4/13 with an announcement being mailed to all readers on the prior day. Look for it.
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