ETF/No Load Fund Tracker Newsletter For October 23, 2015

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

————————————————————-

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

https://theetfbully.com/2015/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10222015/

————————————————————

Market Commentary

EQUITIES GAIN FOUR WEEKS IN A ROW—DOMESTIC TTI CLIMBS INTO BULLISH TERRITORY

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

There just seems to be no stopping the equity bullet train, demonstrating a recovery which has been quite impressive from the lows made late in August. Helping matters today was a surprise interest rate cut by the Bank of China, a string of better than expected tech earnings all on the heels of ECB’s Mario Draghi’s jawboning about more QE yesterday.

It is no longer a secret that markets don’t run anymore on fundamentals but merely on the latest word by the Fed, or any other Central Bank, in regards to interest rates and or QE programs. As a result, we’ve seen our Domestic Trend Tracking Index (TTI) now turn bullish; although today was the first time it crossed its trend line to the upside.

As I mentioned yesterday, I like to see some staying power above the line before issuing a new “Buy” signal for that arena. Strangely enough, the International TTI, which usually front runs its domestic cousin, is lagging behind and remains bearish for the time being. You can see the exact numbers in section 3 below.

7 of our 10 ETFs in the Spotlight closed higher topping off weak with great upward momentum. Taking top billing for the day was the Global 100 (IOO) with +1.52% while on the downside the Select Dividend ETF gave back -0.17%.

Read More

Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 10/22/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, October 22, 2015

TOC 101515

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 8/24/2015

TTI

Our main directional indicator, the Domestic Trend Tracking Index (TTI), broke through its long-term trend line generating a “Sell” for this arena effective 10/14/2014, which was followed by a violent break back above the line on 10/22/14 generating a new “Buy.” It was a classic whipsaw signal, and you can read more on my blog as to the events as they were unfolding.

As of today, our TTI (green line in above chart) is positioned below its long term trend line (red) by -0.15% after having generated a “Sell” signal as of 8/24/2015, which applies to all “broadly diversified domestic equity ETFs/Mutual Funds.”

Read More

Big Gains For Wall Street On Earnings And ECB Stimulus Talk

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks skyrocketed Thursday as investors were quite encouraged by a market moving earnings report posted by McDonald’s (MCD) and signs from Europe that more stimulus might be on the way for the European Economy. In the end, it was really ECBs Mario Draghi’s jawboning about “re-examining” its stimulus program, which lit some fire under the indexes.

McDonald’s topped earnings forecasts by 13 cents. The burger and fries giant also beat revenue forecasts, sparking a big rally in McDonald’s shares.

In earnings news, we heard from Google’s parent company Alphabet (GOOG) today. Wall Street cheered as the company delivered an earnings beat, as well as announcing that its board of directors had authorized the company to spend $5.1 billion buying back shares. Alphabet posted $7.35 a share excluding certain expenses. Analysts expected $7.20 a share, up 13% from $6.35 a share a year ago.

Microsoft (MSFT) and Amazon (AMZN) also impressed today with earnings reports that topped estimates. Microsoft announced it was gaining traction with its new Windows 10 operating system, which is now running on 110 million devices and the company also boasted about progress in the cloud space.

An earnings miss from financial services firm American Express (AXP), whose shares were down more than 5%, and heavy equipment maker Caterpillar (CAT) put a drag on the indexes.

9 of our 10 ETFs in the Spotlight ended higher with the loser of day being Healthcare (XLV) with a loss of -0.59%. Taking top honors on the upside was the Low Volatility S&P (SPLV) with +2.01%. Be sure to review section 3 below as our Domestic TTI is nearing a new “Buy” signal.

Read More

Indexes Slide Further Amidst Big Name Earnings Reports

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

After suffering mild losses the day before, U.S. stocks fell deeper in the red today as traders encountered another big day of earnings reports, with blue chip names Coca-Cola, Boeing, American Express and General Motors releasing third-quarter results.

In earnings news, Coca-Cola (KO) profit fell in the third quarter but earnings still slightly beat estimates. Shares dropped slightly. Shares of Boeing (BA) jumped 1.8% after reporting earnings that beat Wall Street expectations and raised its profit outlook for the year. Valeant Pharmaceuticals (VRX) hurtled downward, losing around 19.2%, on an investment group’s report claiming that the company is inflating drug sales through bogus transactions. Both Chipotle (CMG) and Yahoo (YHOO) shares tumbled today after both showed earnings that fell short of Wall Street expectations.

In the IPO world, luxury automaker Ferrari (RACE) went public today. In a sign of optimism, shares of its initial public offering were priced at $52 a share, which is the top of the $48 to $52 range analysts were predicting. Shares opened trading today at $60 a share this morning and closed at $55 a share.

Only 1 of our 10 ETFs in the Spotlight managed to squeeze out a gain, namely Consumer Staples (XLP) with a scant +0.02%. Leading the losers was the Mid-Cap Value ETF (IWS), which gave back -1.00%.

Read More

Mixed Earnings Reports Pull Stocks Lower

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

A hazy batch of earnings reports were the culprit for the small losses on Wall Street today.

The Dow ended the day down a scant 14 points after bouncing in and out of negative territory. IBM (IBM), which is the Dow’s largest component, dragged the index down after weak hardware sales and the impact of the strong dollar hurt the company’s Q3 earnings.

The Dow would have slipped further if not for higher-than-expected earnings reports from three other Dow components – Verizon (VZ), United Technologies (UTX) and The Travelers Company (TRV).

Another stock on the move today was Yum Brands (YUM), which announced it is splitting the company in two, with one company focusing solely on its China business. Yum shares were up 3.8% to $74.48.

Other companies reporting later this week include Alphabet Inc. (GOOG), Amazon.com (AMZN) and Microsoft (MSFT).

5 of our 10 ETFs in the Spotlight gained while 5 of them lost. Sporting the best gain were the Financials (IYF) with +0.51% while the loser of the day was Healthcare (XLV) with -1.53%.

Read More

Equities Gain Slightly In Anticipation Of Earnings Week

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The Dow and S&P 500 just barely managed gains, as investors await a big week of earnings reports and reacted to data out of China showing GDP growth below 7%.

The good news…after suffering its first 10% correction this summer, the Dow has rebounded in recent weeks. The blue-chip index has finished up three straight weeks, its longest winning streak since late last year and the rally has helped the Dow trim its decline to being down just 3.4% for the year. Let’s see if this run can continue.

At least partly impacting stocks today was news out of China, where third-quarter GDP came in at 6.9%. While growth last quarter was better than the 6.8% growth rate analysts had forecast, it was still below the second-quarter’s 7% growth and raised questions as to whether China will be able to reach its full-year GDP target of +7%.

Traders are gearing up for a big week of earnings reports. More than 20% of S&P 500 companies and a dozen Dow stocks are set to report this week. So far this earnings season, 71% of the 58 companies in the S&P 500 that have reported results have topped sharply reduced forecasts.

6 of our 10 ETFs in the Spotlight managed to crawl above the unchanged line with Consumer Discretionaries (XLY) taking the lead with a gain of +0.47%. The S&P 500 Equal Weight ETF (RSP) trailed with -0.14%.

Read More