ETFs/Mutual Funds On The Cutline – Updated Through 04/01/2016

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 246 (last week 176) 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. 56 ETFs (last week 44) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 237 (last week 125) above the line and 543 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: Do Investors Need To Be Extra Cautious In The Months Ahead?

Ulli Market Review Contact

ManBond investors need to think in a portfolio context and should not get in and out of bonds in trying to pick the bottoms from the tops, said Jeff Rosenberg, chief investment strategist for fixed income at BlackRock.

The value of US Treasury securities act as a ballast and offsets the risky instruments in a portfolio that investors add for income and capital appreciation. When things go wrong, Treasury securities have demonstrated they can act as ballasts in portfolios, he noted.

While high-grade corporate and government bonds have rallied in recent months, high-yield/junk bonds failed to participate though they have shown signs of improvement. Asked if junk bonds still offer value or if the lack of investor interest is some kind of a signal that risk-aversion is still out there, Jeff said it’s a little bit of both.

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New ETFs On The Block: Janus Small Cap Growth Alpha ETF (JSML)

Ulli Equity ETFs Contact

InvestingSince entering the exchange-traded funds space over a year ago by acquiring VelocityShares, Janus have been steadily expanding fund offerings by launching both equity and fixed-income focused funds. Given Janus’ long history in fundamental factor based investment strategy, the newly-launched so-called Smart Growth equity funds seem long overdue.

The newly launched Janus Small Cap Growth Alpha ETF (JSML) and Janus Small/Mid Cap Growth Alpha ETF (JSMD) target the middle and small capitalization companies and provide exposure to smaller domestic US stocks in a unique way.

Linked to proprietary indices developed in-house, the new funds deploy the firm’s Smart Growth methodology to systematically identify mid- and small-cap companies with the potential for achieving long-term sustainable growth.

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ETF/No Load Fund Tracker Newsletter For April 1, 2016

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

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https://theetfbully.com/2016/03/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-03312016/

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Market Commentary

STOCKS DROP AND POP AFTER STRONG JOBS REPORT

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

On the surface the jobs report was received as a winner with equities tanking at first and then staging their usual comeback with the major indexes closing higher for the week.

While the headline number of 215,000 jobs gained sounded good, almost two-thirds of those continued to be minimum wage jobs just as we’ve witnessed in previous months. On the negative side, some 29,000 manufacturing jobs were lost, the largest monthly drop since 2009.

However, none of these events matter since any kinds of news, good, bad or indifferent, has had the same effect on the markets lately, which is to drive them higher. Even as last month’s lead dog, US oil, got spanked at the tune of some -4.5% today, the S&P 500 decoupled and ended up higher pushing our Domestic Trend Tracking Index (TTI) into “Buy” mode.

See section 3 below for important details.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 03/31/2016

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, March 31, 2016

TOC010716

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

 

1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: SELL — since 11/13/2015

TTI-3-31

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 +0.95%. This is move is not enough to generate a new Buy signal. Stay tuned for daily updates and any changes to our position.

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Waiting For The Jobs Report

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Who would have thought that markets would be in positive territory at the end of March, given the horrendous start to the year. As of the closing bell, the Dow and S&P 500 are officially both in positive territory YTD.

At the pinnacle of fearing Bears may take over, which was around mid-February, all of the major domestic indexes had fallen more than 10% for the year. Today, the S&P 500 is up 1% YTD and with the Dow not far behind. Of course, as MSM media conveniently does not mention, this mysterious recovery did not generate any new profits for those who were in the market, it merely wiped out the losses that occurred during the first six weeks of 2016. As trend followers, we are very well aware of that fact.

Domestic stocks are now riding a 2-day rally wave that Janet Yellen started on Tuesday after reiterating that the nation’s central bank is in no rush to hike interest rates AKA pleasing Wall Street. However, Wall Street is still awaiting economic data to be released tomorrow.

As we discussed on Monday, Friday we will hear about the jobs report for March, which will have an impact on the Fed’s stance regarding the state of the economy and potential interest rate hikes. If the report comes in way below expectations, we could either see a swoon in equities as disappointment reigns supreme or another sharp leg higher, as Wall Street would expect the Fed to start more Quantitative Easing. Which will it be?

We’ll have to wait until tomorrow to find out.

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