ETFs/Mutual Funds On The Cutline – Updated Through 09/18/2015

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 28 (last week 24) 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.

These ETFs are generated from my selected list of some 97 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. 6 ETFs (last week 8) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 36 (last week 32) above the line and 764 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 Developments In The Labor Market Trigger A Rate Hike?

Ulli Market Review Contact

ManThe short-term interest rates were kept unchanged on Thursday because historically, the US Federal Reserve has been a very conservative organization, said Gary Stern, former President of Minneapolis Federal Reserve.

While the markets are witnessing a volatile situation, economic conditions abroad have been deteriorating, and the Fed failed to achieve its inflation target. Amid such a scenario, it’s pretty easy for the policy makers to continue on the course they have been on. That said, whether that was the right decision or not could be a matter of debate, he noted.

While many market observers expected the Fed to raise rates Thursday, the Fed must be looking at a wide range of factors like the softening of export demands and heightened uncertainty overseas, said Randall Kroszner, a former Governor at the US Federal Reserve.

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New ETFs On The Block: Guggenheim S&P 500 Equal Weight Real Estate ETF (EWRE)

Ulli Real Estate ETFs Contact

56371366With an improving labor market, housing has emerged as one of the most attractive sectors for investors as more and more millennials contemplate owning their own homes.

Mortgage lending in recent times has also gained traction indicating higher real estate activities, data available from banks across the country indicate. Guggenheim, the Chicago-based eighth largest provider of US exchange-traded funds recently launched a real-estate product that would help investors to tap into the rising housing and construction industry.

The newly launched Guggenheim S&P 500 Equal Weight Real Estate ETF (EWRE) is an industry first in that it tracks a sub-sector that will come into existence in about a year from now.

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ETF/No Load Fund Tracker Newsletter For September 18, 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/2015/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09172015/

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Market Commentary

STOCKS AND OIL TAKE A BATH TO CLOSE THE WEEK

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Markets climbed from the beginning of the week up until the Federal Open Market Committee (FOMC) made its decision to keep the fed funds rate between 0.0% and 0.25% Thursday, which caused stocks to stumble into Thursday’s close and post further losses on Friday. Oil prices also fell today by more than 4% as U.S. benchmark crude dropped to about $45 a barrel.

The major indexes here in the U.S. fell more than 1.3% Friday as investors focused on the Fed’s worries about recent turbulence in financial markets and the health of the global economy. All 10 of the S&P 500 sectors ended lower today, with energy stocks leading the dive. On the week, major indexes were lower with the utilities sector showing relative strength and the materials sector showing relative weakness.

Looking ahead to next week’s key economic numbers, investors will focus on existing home sales on Monday, the Purchasing Managers’ Manufacturing Index (PMI) on Wednesday, and durable goods orders on Thursday. Additionally, Wall Street will take note of the University of Michigan’s Consumer Sentiment data that will be released on Friday.

All of our 10 ETFs in the Spotlight reversed and headed south after gaining earlier in the week. Scoring the worst was the S&P 500 (SPY) with -2.17% while the Select Dividend ETF (DVY) held up best by giving back only -1.33%.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 09/17/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, September 17, 2015

TOC 090315

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 -0.90% after having generated a “Sell” signal as of 8/24/2015, which applies to all “broadly diversified domestic equity ETFs/Mutual Funds.”

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The Guessing Game Is Over…For Now

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The Fed announced today that it is too soon to raise interest rates and that it will continue to keep its benchmark interest rate between 0% to 0.25%, despite a continuously improving labor market. The Fed could still raise rates when they meet again in October, but analysts speculate that if a hike were to happen it would likely be in December or Q1 of 2016.

How did today’s decision impact the stock market? Well, it is somewhat hard to tell. Markets have been performing consistently well this week ahead of the decision, however, today both the S&P 500 and Dow dropped slightly, while the Nasdaq gained. Obviously, the lack of clarity on interest rates will send markets back into the “will they or won’t they” mode that has produced much of the volatility we’ve observed throughout 2015.

Crude closed down 25 cents at $46.90 a barrel after surging 5.7% yesterday. The good news for consumers perhaps is that, according to OPEC sources, OPEC forecasts oil prices will allegedly grow by no more than $5 per barrel a year to reach $80 by 2020.

Our 10 ETFs in the Spotlight ended up mixed today with 5 of them gaining and 5 of them losing. On the winning side, Healthcare (XLV) took top billing with +0.91%, while the loser of the day turned out to be the Financials (IYF) with -1.04%.

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