Should You Buy Any ETFs On Dips Now? How About EWJ?

Ulli trend line breaks Contact

Dip Buying was alive and well at least in one area of the market. I guess it was simply too tempting for investors to see a big drop in Japanese stocks and not get involved via an ETF like EWJ.

Index Universe reports that EWJ drew in $650 million in assets last Tuesday despite the broad sell off. While the Nikkei managed to bounce back nicely on Wednesday by gaining 5.68%, investors in EWJ were not as fortunate as that ETF dropped another 3.74%.

Sure, we all like to buy a beaten down ETF at the bottom and ride it up to the top, but is this really the right time?

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No Load Fund/ETF Tracker updated through 3/17/2011

Ulli ETF Tracker Contact

My latest No Load Fund/ETF Tracker has been posted at:

http://www.successful-investment.com/newsletter-archive.php

The Japanese disaster took a toll on the market, and the major indexes, along with many ETFs, lost for the week.

Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +3.55% (last week +4.16%) and remains in bullish mode.

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Nervous Times In The Market

Ulli Uncategorized Contact

Despite the Nikkei rally on Wednesday, the domestic markets did not participate at all as the chart above shows (courtesy of marketwatch.com).

Broadly diversified international ETFs, like VEU, fell further (-2.68%) then the domestic market as represented by SPY (-1.86%).

It was nervous time as the news from Japan in regards to their nuclear power plants continued to be spotty in terms of accuracy. Not helping the markets at all were suggestions from Energy secretary Chu that the situation may be worsening.

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Nikkei Loses 16% in 2 Days—Domestic Losses More Modest

Ulli Uncategorized Contact

Uncertainty surrounding the Japan natural disasters, and unknown consequences from the affected nuclear facilities, pushed the Japanese Nikkei down by over 1,000 points in early trading yesterday.

The domestic indexes followed the path down but to a lesser degree and staged a nice recovery as the chart above shows. The market reaction was based on only scant news reports but lots of rumors and assumptions. Hard facts were hard to come by, or to verify, so reaction was bound to be negative.

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Bouncing Off The Lows

Ulli Uncategorized Contact



Yesterday started out to be a difficult day in all of the global markets as the Nikkei sank some 6% in the aftermath of Japan’s devastating earthquake and tsunami.

The domestic major indexes pulled back right after the opening as well, but the drop was contained in terms of magnitude. Mid-day buying kept the damage limited with the S&P; 500 losing only 0.61%.

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Gimmick of the Week: A Smartphone ETF

Ulli Uncategorized Contact

With smartphones being all the rage, an ETF consisting of the major players in this business was recently brought to the market. FONE started trading some 3 weeks ago as MarketWatch reports:

“The index includes companies primarily involved in the building, design and distribution of the handsets, hardware, software and mobile networks associated with the development, sale and usage of smartphones,” said First Trust Portfolios L.P. in a fact sheet on the fund.
…

First Trust ETF strategist Ryan Issakainen said that before launching any new fund, the firm establishes that investor appetite exists and that the product has investment merit in a long-term strategy.

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