As announced last week, today’s issue of the High Volume ETF Cutline report features the expanded version, which makes it easy for you to track and review those ETFs that have moved above the cutline (trend line).
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 90 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.
I have posted this expanded version as a PDF file, so that you can easily save and print it. This report contains 2 pages, with 20 ETFs listed in bearish territory and 57 on the bullish side. They are separated by the yellow cutline.
Go ahead and review this expanded ETF table:
http://www.successful-investment.com/SSTables/ETF-HighVolumeCutline072011.pdf
A quick glance reveals that currently 2 ETFs (IDX and FXY) have made new highs (0.00% in the DD% column), while they are also sporting positive momentum numbers across.
As you can see, there are several other ETFs on the positive side, but their DD% numbers are a bit high and/or in some cases, the trend line has been crossed already by a fairly high percentage.
Nevertheless, as new ETFs cross above the line, you can easily track them and make your decisions accordingly.
If you are a new reader and missed the original Cutline report, which also featured some “how to use” information, please review it here.
Quick Reference:
Disclosure: No holdings
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