ETF Tracker StatSheet
COMEBACK KID
- Moving the markets
After slumping last week, and threatening to break our long-term trend lines to the downside into bearish territory, this week was just the opposite with the major indexes staging a comeback with each of them gaining over 2%. While we saw some jumpiness today, the Dow and S&P managed to close in the green.
Despite some negative news headlines, none of them were strong enough to spoil the party. Even Trump’s proposed major healthcare changes pulled the indexes down only temporarily before a rebound into the close started.
Overall, the mood was upbeat as Wall Street reflected on solid earnings reports along with slipping bond yields with the 10-year being able to remain below the critical 3% level (2.97%), which seems to be the line in the sand for the bulls and the bears.
Another assist came from the US dollar, which has been on a slippery slope lately. Both of these factors can generate a lot of headwind for equities as rising rates and a strong dollar will make US products harder to sell for those companies doing business abroad.
Our Trend Tracking Indexes (TTIs) are out of the danger zone with both of them having safely moved away from a point that signals a potential break into bearish territory (section 3). That is, at least for the time being.
- ETFs in the Spotlight
In case you missed the announcement and description of this section, you can read it here again.
It features 10 broadly diversified and sector ETFs from my HighVolume list as posted every Saturday. Furthermore, they are screened for the lowest MaxDD% number meaning they have been showing better resistance to temporary sell offs than all others over the past year.
The below table simply demonstrates the magnitude with which some of the ETFs are fluctuating in regards to their positions above or below their respective individual trend lines (%M/A). A break below, represented by a negative number, shows weakness, while a break above, represented by a positive percentage, shows strength.
For hundreds of ETF choices, be sure to reference Thursday’s StatSheet.
Year to date, here’s how our candidates have fared so far:
Again, the %M/A column above shows the position of the various ETFs in relation to their respective long term trend lines, while the trailing sell stops are being tracked in the “Off High” column. The “Action” column will signal a “Sell” once the -7.5% point has been taken out in the “Off High” column.
- Trend Tracking Indexes (TTIs)
Our Trend Tracking Indexes (TTIs) changed only immaterially.
Here’s how we closed 05/11/2018:
Domestic TTI: +2.07% above its M/A (last close +2.16%)—Buy signal effective 4/4/2016
International TTI: +2.90% below its M/A (last close +2.88%)—Buy signal effective 7/19/2016
Disclosure: I am obliged to inform you that I, as well as my advisory clients, own some of the ETFs listed in the above table. Furthermore, they do not represent a specific investment recommendation for you, they merely show which ETFs from the universe I track are falling within the guidelines specified.
————————————————————-
READER Q & As
All Reader Q & A’s are listed at our web site!
Check it out at:
https://theetfbully.com/questions-answers/
———————————————————-
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/
———————————————————
Back issues of the ETF/No Load Fund Tracker are available on the web at:
https://theetfbully.com/newsletter-archives/
Contact Ulli