Indications of a deal to raise the debt ceiling had the futures market soaring prior to Monday’s opening. Well, the euphoric rebound actually happened, but it turned out to be short lived, as the major market ETFs staged a 180 degree reversal, only seen 10 times since 1985, and a steep sell off ensued. It was simply a violent display …
Expanded Report: Mutual Funds On The Cutline – Updated as of 7/25/2011
As announced last week, the mutual fund cutline report has been expanded to show more funds that have broken above the cutline (trend line). Currently, there are 793 funds in my data base, of which I am listing the first 250 that are hovering above the cutline. On the bear market side, or below the cutline, I am tracking 76, …
Mutual Funds On The Cutline – Updated as of 7/18/2011 – More Improvements
More downside momentum kicked in yesterday, as worries about the progress, or lack thereof, about the U.S. debt ceiling kept traders on edge. Supporting the sour mood were reports from Europe confirming utter confusion about the debt crisis with no clear leadership and/or plans emerging to attack the ever growing problems. Just as last week, many funds have been meandering …
Mutual Funds On The Cutline – Updated as of 7/11/2011 – More Improvements
Yesterday’s drubbing was a direct result of global uncertainties, especially in Europe, but also China’s sharp rise in inflation did nothing to soothe the nerves on Wall Street. Many funds have been meandering around the cutline with no clear direction. While some momentum numbers have improved, the DrawDown figures (DD% column) leave a lot to be desired and are in …
Mutual Funds On The Cutline – Updated as of 7/1/2011
Just like in yesterday’s ETF Cutline report, the rally of the past 5 days pushed many mutual funds out of negative territory, below the cutline, right through the first +20 listings above the cutline. If you track any mutual funds, you know need to consult the weekly StatSheet for the exact location of those you are interested in. Consult the …
Mutual Funds On The Cutline – Updated as of 6/27/2011
Despite yesterday’s rebound, which faded towards the close and was accompanied by low volume, improvements around the cutline (trend line) were negligible. Last week’s featured widely held international funds, FDIVX, VGTSX and TRIGX, slipped further down the rankings and ended up somewhere below the -20 position. The international Sell signal remains intact as our International TTI (Trend Tracking Index) has …