ETFs/Mutual Funds On The Cutline – Updated Through 07/08/2016

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 310 (last week 306) 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. 77 ETFs (last week 77) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 623 (last week 518) above the line and 157 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.

ETF/No Load Fund Tracker Newsletter For July 8, 2016

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

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https://theetfbully.com/2016/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07072016/

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Market Commentary

MARKETS END SOLID AFTER KEY JOBS REPORT

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The S&P 500 approached setting a new closing high today after a stronger-than-expected jobs report sparked a huge rally and Wall Street finally recouped all of its ‘Brexit’ related losses.

The jobs report that many were awaiting reported that 287,000 jobs were created in June, far above the 180,000 estimate, which as a headline number looked good, so the computer algos ran with it. However, when looking under the hood, it turns out that not only was last month’s number reversed from a meager 38,000 gain to only 11,000, most of the current additions were in the minimum wage area and also gobbled up by those over 55 years of age. These are hardly facts that will contribute towards reducing U.S. recession fears on Wall Street and for the rest of the globe.

The good news on the jobs front could, however, put a potential interest rate hike by the Federal Reserve back on the table for later this year, perhaps in December. Investors that had been ruling out any rate hikes until next year might have to rethink their views. But hey, as long as the computer algos are programmed to play headline hockey, all is well…

In auto news, we heard a final decision from Volkswagen Group today that it will officially pay $86 million in civil penalties to California after the state’s regulators helped to expose the company’s emissions scandal. That settlement is separate from a recent deal between U.S. regulators and Volkswagen in which the automaker has agreed to pay up to $14.7 billion to buy back vehicles, make repairs, offer compensation to consumers, or some combination of the above.

Closing out the week, the markets seem to be headed in a bullish direction moving forward. The S&P 500 is flirting with record high territory and the question in my mind is “what’s next?” once this goal has been achieved. After all, I facetiously commented 2 days ago that we should reach new all-time highs by next Tuesday.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/07/2016

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, July 7, 2016

TOC063016

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) remains above its long term trend line (red) by +1.88% after having generated a new Domestic Buy signal effective 4/4/2016 as posted.

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Major Indexes Go Nowhere; Mega Food Deal In The Making

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks on Wall Street ended mixed despite a solid report on employment and a big proposed deal in the food sector.

Paris-based Danone, maker of Dannon yogurt, agreed to acquire organic food provider WhiteWave Foods (WWAV) for $56.25 based on a valuation of 26x cash flow, which equates to an enterprise value of about $12.5 billion. The acquisition will double the size of Danone’s U.S. business. The stock gained 18.55% to close at $56.23 a share on the day. The transaction is expected to close by the end of the year and is subject to approval from regulators and WhiteWave’s shareholders.

In a sign that risk-aversion may be temporarily diminishing, the British pound was up nearly 0.7% vs. the dollar. But the price of a barrel of U.S.-produced crude got hammered -4.66% to $45.22. Crude took a hit after the government reported that U.S. crude inventories shrank less than expected in the past week.

Businesses added 172,000 jobs in June, said payroll processor ADP, in a sign that the government’s employment report may show at least a moderate rebound after two dreary showings.

Wall Street will be looking ahead to tomorrow’s June jobs report, which could shed light on the strength of the U.S. labor market following two straight months of disappointing job growth.

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Markets Push Back Towards 2,100 Despite Global Sell-Off

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

 Stocks here in the U.S. brushed off early losses, despite a global sell-off, to end higher today. U.S. government bond yields bounced back from fresh record lows amid continued market turbulence following the surprise Brexit vote two weeks ago.

Yesterday and early today, it seemed that investors were reconsidering the implications of the British exit. Markets were sagging to say the least; however, the bulls turned their horns up mid-morning and the gains plowed forward in the afternoon after a release of the minutes from the Federal Reserve’s last policy meeting showed the central bank is in no hurry to raise interest rates. Translated, that means that low interest rates are here to stay for a long time, and markets are now encouraged to make new all-time highs possibly by next Tuesday. Of course, I am being facetious…

Fed officials did not provide a timetable for future increases, according to minutes of the Fed’s June 14-15 meeting. But they did indicate that their decisions could play out over “coming months” and that they must review a range of positive data before acting again.

U.S. crude oil also bounced back today, gaining 2.85% to close at $47.93 a barrel. Many analysts were speculating that crude would push (and stay) above the $50 a barrel mark during the summer months, but that has yet to happen.

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Brexit Aftershock Shakes Markets

Ulli Market Commentary Contact

Teu pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks departed from their post-Brexit bounce and ended lower to kick off the shortened week here in the U.S. It appears that even after a long Holiday weekend the Brexit event is still lingering in geopolitical and financial news. All three major indexes closed at least 0.60% lower on the day.

Early on in the day, the Bank of England reduced the capital requirements of banks in an effort to keep credit flowing in the U.K. and the British pound remained under pressure, hitting a fresh 31-year low vs. the U.S. dollar. The pound was trading down 1.35% Tuesday.

In another sign of risk-averse mentality in markets, U.S.-produced crude dropped 4.41% to close at $46.83 a barrel and gold, a perceived haven in uncertain times, was up $11.40 an ounce to $1,350.40.

This shall be an interesting week of trading as investors not only await updated economic info regarding June performance in major industries across the board but also eagerly follow the meltdown of the Italian banks.

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