ETFs/Mutual Funds On The Cutline – Updated Through 12/11/2015

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 36 (last week 110) 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 some 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 18) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 56 (last week 293) above the line and 744 below it out of the 800 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: Will A Sudden Jump In Wage Growth Trigger Faster Rate Hikes?

Ulli Market Review Contact

ManThe US economy is likely going to be in the backdrop of a flatter yield curve for quite some time because the Fed is going to be raising rates, but they are going to be telling the markets that their end game is probably much lower than where they thought it was, said Ellen Zentner of Morgan Stanley.

A lot of the activity that is being witnessed up to the rate hike could be the anticipation of higher rates, but rates are not going to rise that much. So, it’s unlikely higher rates would be very restrictive to economic activities overall, certainly not when the balance sheets of households are considered, very little of which is subject to a variable rate.

Morgan Stanley thinks the economy takes higher interest rates and markets very well next year, she noted.

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New ETFs On The Block: Loncar Cancer Immunotherapy ETF (CNCR)

Ulli Sector ETFs Contact

InvestingTaking a plunge into the healthcare sector when it’s fighting with a huge image problem requires courage. Moreover, when the investment product targets the biotech sector – which recently witnessed a big sell-off amid a raging drug-pricing controversy, questions are bound to be raised about the timing.

But for Brad Loncar, the Kansas based former budget manager in the international affairs division at the US Department of Treasury and a full-time biotech investor for over eight years, the time was ripe to give investors access to a very hot slice of the biotech sector – cancer immunotherapy.

For the uninitiated, immunotherapy involves manipulating the human body’s immune system to target and kill the cancerous cells, malignant or otherwise. Since the body’s own defence system is activated against carcinogenic cells, immunotherapy is far more potent and safe than traditional surgery and chemotherapy. Indeed, immunotherapy products can bring revolutionary breakthroughs and bring a paradigm shift in cancer treatment.

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ETF/No Load Fund Tracker Newsletter For December 11, 2015

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

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

https://theetfbully.com/2015/12/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-12102015/

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Market Commentary

NOT AN IDEAL WAY TO ROUND OUT THE WEEK

Fri pic 

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The stock market capped off its worst week since August today as oil prices set a new seven-year low and investors braced for the increasing certainty that the Fed will boost short-term interest rates next week.

Apparently, Wall Street is interpreting the selloff in oil prices due to weak economic demand. A barrel of U.S. oil lost 3.5% to about $35.50, a level last seen in early 2009. Weak oil prices are hammering the profits of energy companies, which are a big component of the S&P 500 companies’ total profits.

The market has grown increasingly volatile over the past three months as investors look ahead to next week’s meeting of the Fed’s policy-making committee and what the central bank has signaled will likely bring its first interest rate hike in nearly a decade. Record-low interest rates near 0% have been one of the major fuels for the bull market in stocks since 2008, which is now well into its seventh year.

In tech news, GoPro (GPRO) shares continued climbed higher Friday following an analyst report suggesting the high-def camera maker could be an acquisition target for Apple (AAPL). On Thursday, FBR Capital Markets analyst Daniel Ives listed GoPro among possible companies Apple could acquire next year. Also on the list: software maker Adobe, cloud company Box and electric car maker Tesla.

All of our 10 ETFs in the Spotlight hid the skids today and closed lower. The loser of the day was the Discretionary ETF (XLY) with -2.28%. Resisting the sell-off the best was Consumer Staples with a loss of -1.10%.

We have now clearly slipped back into bear market territory, as section 3 below shows, and a 100% cash position is my preferred choice.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/10/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, December 10, 2015

TOC 111915

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 -0.38%, which means we are in cash on the sidelines.

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Stocks Snap 3-Day Losing Streak

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks rose as Wall Street halted a three-day downturn despite another drop in oil prices. We have been confronting a variety of issues this week including plunging oil prices, global economic pressures and the likelihood that the Fed will begin raising interest rates for the first time in almost a decade at its meeting next week. Economic reports that have come in over the past two months have led Fed Chair Janet Yellen to (unofficially) signal that the time is near to raise rates, which have been near zero since the financial crisis of 2008.

Things are not looking up for the oil and natural gas industry. U.S. Crude fell again today to close at $36.56 a barrel. In addition, we heard news that Freeport-McMoRan (FCX) said that it would be suspending its common stock dividend, reducing some production and revising its oil and gas capital spending strategy in response to market conditions. The Phoenix based natural resources company, which is the largest publicly-traded copper producer in the world, had already announced that it would put off investments in some long term projects.

We heard some interesting news from Walmart (WMT) today. The company is removing the need to get your wallet out at the register with a new digital payment method called Walmart Pay. The technology piece launched today in Bentonville, AK (Walmart’s headquarter city). The feature allows customers to pay for purchases in stores by scanning a QR code displayed at the register with their smartphone, instead of swiping or inserting a card at the payment terminal. Customers can store any payment method — credit card, debit card, prepaid card or gift card — in the Walmart Pay function within the Walmart app.

8 of our 10 ETFs in the Spotlight gained on today’s modest rebound with the leader being

Healthcare (XLV), which added +0.75%. On the downside, the Select Dividend ETF (DVY) lost -0.36%.

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