ETFs/Mutual Funds On The Cutline – Updated Through 02/12/2016

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 41 (last week 40) 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. 10 ETFs (last week 10) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 27 (last week 27) above the line and 753 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: Should Investors Remain Defensive Right Now?

Ulli Market Review Contact

ManFederal Reserve chief Janet Yellen could have said more and should have said more during her Senate testimony, and she left the impression that she and the Fed are not in touch with the mother ship, said Robert Michele, head of fixed-income, currencies and commodities at JP Morgan.

Inflation expectations seem to be least of the Fed’s worries; a serious credit contraction is underway and Ms Yellen should acknowledge that. The Fed chief should look at the capital-base being wiped off the banks in the current downdraft in equities, which is not supposed to be happening right now; they are supposed to be bullet-proof.

Gold at $1200/ounce tells investors that in a flight-to-quality in a safe-haven, people have more confidence in gold than in bank deposits or paper money. It seems things have spiraled out of control, he noted.

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New ETFs On The Block: JP Morgan Diversified Return Europe Equity ETF (JPEU)

Ulli Europe Contact

91551519JP Morgan Asset Management, the mutual and exchange-traded funds unit of JP Morgan Chase & Co, added the fifth ETF to its portfolio with the launch of JP Morgan Diversified Return Europe Equity ETF (JPEU).

The JPM Diversified Return ETF series are strategic beta funds that seek to improve risk-adjusted returns of diversified portfolios. Each fund is based on a FTSE Diversified Factor index designed to exclude low-quality and expensive stocks. The previous four funds seek to provide exposure in the US, global, international and emerging markets.

JPEU, as the name suggests, targets European companies and tracks the FTSE Developed Europe Diversified Factor Index, which is a subset of the larger FTSE Developed Europe Index comprising of large– and mid–cap stocks. The underlying index, co-developed by JPM with FTSE, is re-balanced quarterly and uses liquidity criteria along with JPM’s active insights and risk-management expertise.

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ETF/No Load Fund Tracker Newsletter For February 12, 2016

Ulli Market Commentary Contact

ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2016/02/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-02112016/

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Market Commentary

EQUITIES AND CRUDE REBOUND SHARPLY BUT END UP DOWN FOR THE WEEK

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The wild ride continued on Wall Street as crude oil finally found some footing and sparked a 12% surge on Friday, which was its best session gain in 7 years. Still, for the week, oil ended up over 8% lower than it started.

Oil’s rebound pulled equities out of the basement but the rally was not sufficient to wipe out earlier losses and the indexes closed lower for the week as the chart above shows.

Powering crude oil was continued speculation that major producers are considering the “possibility” of a coordinated effort to cut crude output. Well, we’ve heard that theme before with the result that it was later denied and oil shifted sharply into reverse taking equities down with it. Maybe, this time it’s different?

All of our 10 ETFs in the Spotlight participated and closed solidly in the green for today. The leader was the Financials (IYF) with +3.54% while the Dividend ETF (DVY) showed a more modest gain of +1.14%.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 02/11/2016

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, February 11, 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

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 remains below its trend line by -3.84%, which means we are in cash on the sidelines.

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OPEC Rumor Keeps Markets From Crashing

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Sure, when all else fails to prop up the markets, start a rumor. Just as the S&P dipped towards the psychologically 1,800 level, the WSJ reported that the OPECers were “ready to cooperate” on a production cut.

That’s all it took, and the indexes staged their typical afternoon rally which, however, petered out but the losses of the day were cut by about 1%. Not helping the mood on Wall Street were Fed chief Yellen’s remarks during her second day of testimony, which lacked “hope” for the markets that interest rates might be cut.

All risk assets got slammed, and the clear winner of the day was gold, which rallied +4.3% while government bonds surged.

All of our 10 ETFs in the Spotlight succumbed to bearish forces and closed down. Faring the worst was the Financial ETF (IYF), which got clobbered at the tune of -2.66%. Resisting the sell-off the best was the Consumer Discretionary ETF (XLY) with -0.06%.

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