Following our International Sell signal last week, more foreign mutual funds succumbed to selling pressure, despite yesterday’s bounce, and have slipped into bear market territory. Some of the big names from last week are: Fidelity International Diversified (FDIVX), which fell from +11 to below the -20 position, while the Vanguard International Stock Index (VGTSX) followed suit by moving from +10 …
Mutual Funds On The Cutline – Updated as of 6/13/2011
Amazingly, the continued sell off pushed all of last week’s equity mutual fund listings off the report and further below the long-term trend line (cutline) to a point where they have slipped below the -20 position. All of them were replaced by new weak equity funds dropping in from a level above the highest featured +20 spot. The number of …
Mutual Funds On The Cutline – Updated as of 6/6/2011
With the sell off continuing, the cutline suddenly became very crowded by equity mutual funds, which dropped in from a level above the highest +20 reading. As a regular reader, you know that lately most of the funds, hovering slightly above and below their long-term trend line, were bond funds. That’s changed dramatically this week, as further market weakness pulled …
Mutual Funds On The Cutline – Updated as of 5/27/2011
A rising tide lifts all boats, and that was the case in some sectors. Despite the weak overall equity market conditions, a few funds in the technology and financial sector recovered and headed back above the cutline. Here are the movers in the financial sector: ICFSX Financial (ICFSX) from -17 to +1 T. Rowe Price (PRISX) from -5 to +13 …
Mutual Funds On The Cutline – Updated as of 5/23/2011
Yesterday’s sell off solidified the positions of bond funds above the cutline, while equity mutual funds succumbed to weakness in the markets. The outlook is not much different from equity ETFs, which I covered yesterday. Last week’s equity weaklings (RYAZX, JAOSX, PRLAX, FAIRX) have now dropped off the cliff below the -20 position. Should the markets regain momentum, they will …
Mutual Funds On The Cutline – Updated as of 5/16/2011
The weakness in the markets, which was apparent in yesterday’s ETF Cutline report, has affected equity mutual funds as well; no surprise there. The mover this past week in the equity arena was JORNX, which dropped in from a level above +20 to occupy the +19 spot. As you can see, all of its momentum numbers are negative and you …