ETFs/Mutual Funds On The Cutline – Updated Through 04/15/2016

Ulli ETFs on the Cutline Contact

Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned.

The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 283 (last week 218) are hovering in bullish territory.

The second report includes only High Volume ETFs. To clarify, High Volume (HV) ETFs are defined as those with an average daily volume of $10 million or higher. Volume figures can change in a hurry, so be sure to check first before investing.

These ETFs are generated from my selected list of 98 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. 67 ETFs (last week 47) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 350 (last week 193) above the line and 430 below it out of the 780 that I follow.

Take a look:

  1. ETF Master Cutline Report
  2. ETF High Volume Cutline Report
  3. MF Cutline Report

In case you are not familiar with some of the terminology used in the reports, please read the Glossary of Terms.

If you missed the original post about the Cutline approach, you can read it here.

One Man’s Opinion: Is There A Disconnect Between GDP Readings And Retail Sales Numbers?

Ulli Market Review Contact

ManUS businesses are hiring people but are unable to get much extra output per hour of their work, and so income and sales are sluggish, said Vincent Reinhart of Standish Investment Management, a subsidiary of BNY Mellon.

While unemployment rate has hit 4.9-5 percent rate, the gross domestic product reading doesn’t seem to corroborate the US jobs scenario. Asked to explain, Vincent said all those people working need not necessarily feel good about it because they are not getting wage increases.

The national challenge is increasing productivity and the US administration has not been very successful about doing that in the last couple of years. Insofar as credibility of GDP numbers is concerned, undoubtedly the employment readings are more trustworthy since it’s possible to count the actual number of people with jobs.

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New ETFs On The Block: First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)

Ulli Sector ETFs Contact

InvestingUsing the fund-of-funds investment strategy has proven quite successful for many US fund managers. First Trust Advisors, the Illinois-based seventh-largest issuer of exchange-traded funds, recently launched a dynamic version of its most popular sector-rotation ETF that can incorporate cash allocation during periods of heightened market volatility.

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) employs the same methodology as its highly successful $3.41 billion cousin – the First Trust Dorsey Wright Focus 5 ETF (FV), with the addition of a short-term cash-equivalent index. Since the launch of FV in 2014, First Trust has progressively expanded its offerings with momentum specialists Dorsey, Wright & Associates (DWA).

FVC tracks the performance of the Dorsey Wright Dynamic Focus Five Index – an innovative gauge developed and owned by DWA, the investment advisory firm that specializes in relative strength analysis and uses proprietary methodology to achieve investment outcomes.

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ETF/No Load Fund Tracker Newsletter For April 15, 2016

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

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https://theetfbully.com/2016/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04142016/

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Market Commentary

MARKETS POST GAINS FOR SECOND WEEK OF APRIL

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Although markets closed slightly lower on Friday, they remained in positive territory for the week. The 3-day rally from Tuesday to Thursday helped stocks continue on a bullish path.

We heard news from China today that the country’s first-quarter growth came in at 6.7%, which was pretty much in line with expectations. However, this is the country’s slowest pace of growth over the last seven years. Markets in China seemed to remain steady though after the news. The Shanghai composite fell just 0.13%.

While China’s numbers did not impress, most investors here are focusing more on the fact that the Dow is once again approaching the 18,000 mark. The index sits at 17,897 today. The last time the Dow touched the 18,000 mark was July of last year.  Breaking the mark once again could help catapult stocks forward despite absolutely horrific underlying economic data points ranging from a surge in inventory-to-sales, plunging industrial production and tumbling retail sales.

If that has you scratching your head, remember the current level and upward trajectory of the equity markets have absolutely nothing to do with economic reality; they are merely a function of the Fed’s dovish stance on interest rates.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 04/14/2016

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, April 14, 2016

TOC040716

If you are not familiar with some of the terminology used, please see the Glossary of Terms.

 

1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 4/4/2016

TTI

Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) and finally generated a new “Buy” signal effective 11/3/15. The market subsequently dropped, and we exited again on 11/13/15. As of today, the TTI has just moved above its trend line by +1.74%. As of Monday, April 4, 2016 a new Domestic Buy signal became effective as posted on the blog.

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Running Out Of Steam

Ulli Market Commentary, Uncategorized Contact

Thur pic

[Chart courtesy of MarketWatch.com]

Stocks ended flat Thursday, taking a breather after a nice two day rally.

Trading today was mostly influenced by earnings reports from Bank of America (BAC) and Wells Fargo (WFC). Bank of America topped both earnings and revenue estimates. Wells Fargo topped profit expectations but was slightly below par on revenue. BofA gained and Wells fell slightly.

The results from these two banking giants were a bit of a disappointment after JPMorgan (JPM) posted such strong gains yesterday. But, there has to be a winner sometimes.

We also digested another strong reading on the jobs market here in the U.S. The latest number on weekly jobless claims fell from 266,000 to 253,000 the week before. In addition, the consumer price index (CPI) rose in March. Crude oil stayed above $41 a barrel today, which may give some confidence to the bulls.

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