ETFs/Mutual Funds On The Cutline – Updated Through 11/27/2015

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 120 (last week 107) 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. 20 ETFs (last week 21) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 330 (last week 277) above the line and 470 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: Do Corporate Profits Reflect The Split In US Economic Activity?

Ulli Market Review Contact

ManThe recent stream of data indicates everything is good enough for the Fed to proceed as planned with a rate-hike in December, said Michael Gapen, Chief US Economist. Although the latest inflation report came in softer than many had expected, it was no surprise; again that was just further softness in core goods prices, being weighed down by a stronger dollar and excess capacity abroad.

There’s likely to be some concern over the strength of personal spending, which was weaker than expected. But looking closely into the sub-categories, it shows spending on utilities went down 8 percent on the month, which is about two-tenths of overall spending and accounts for most of the miss.

That’s not necessarily a bad story if consumers are spending less on utilities, it will likely show up in consumption somewhere else, just not in October. The bulk of the data flow suggests a December lift-off is likely and would get kind of the final nail in that coffin with the employment report next-week, he noted.

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New ETFs On The Block: JP Morgan Diversified Return US Equity ETF (JPUS)

Ulli Equity ETFs Contact

CandleStickChartJP Morgan Asset Management, the exchange-traded fund issuing arm of the investment bank JP Morgan, recently joined hands with FTSE Russell to leverage their respective capabilities in investment science and index designing.

The outcome was the launch of JP Morgan’s fourth “smart beta” ETF that bolsters the money manager’s offerings in that niche and attempts to exploit the domestic US growth story.

The JPMorgan Diversified Return US Equity ETF (JPUS) joins the ranks of JP Morgan’s so-called smart/strategic beta funds that employ a rules-based multi-factor approach to reduce volatility compared to market cap-weighted indices over the long term.

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ETF/No Load Fund Tracker Newsletter For November 27, 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/2015/11/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-11252015/

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Market Commentary

A NON-EVENTFUL WEEK WITH A VOLATILE ONE AHEAD

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

It was a slow week with no market moving events as the Thanksgiving Day and the short session on Friday combined to reduce momentum in either direction causing the S&P 500 a 1 point gain since last Friday.

However, next week could be a different story. There may be some fallout from the Chinese stock market, which took a beating at the tune of -5.5% in one day as authorities cracked down on big brokers and pretty much anyone that dared to short the market.

Next Thursday, the ECB is having another powwow with investors hoping for more monetary easing to keep the stock markets hopping. On Friday, the OPECers will decide as to whether they will hold the supply levels firm or make adjustments to control the current weak prices.

Then we’re on to the monthly jobs report, which may be one of the most eagerly awaited pieces of economic news as it is the last one before the Fed meets to decide the future fate of interest rates. It could be a volatile week and may very well push our Domestic Trend Tracking Index (TTI) out of its tight trading range either further back into bearish territory or may with renewed vigor generate a new “Buy” signal.

8 of our 10 ETFs in the Spotlight closed up today to end this Holiday shortened week about unchanged. Leading the group were the Consumer Staples (XLP) with +0.38%; on the downside, Consumer Discretionaries (XLY) gave back the most by losing -0.37%.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 11/25/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Wednesday, November 25, 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 has crawled back above its trend line by +0.67%, which is not enough of a breakout to generate a new “Buy” signal. Stay tuned for daily blog updates.

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Going Nowhere

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

It was a slow pre-Holiday session with the major indexes trending to the upside intraday but ending just about unchanged. Volume was extremely low.

Economic data were mixed but Wall Street still believes that the Fed remains on track to raise rates. All eyes are on next week’s jobs report which, should it come in better than expected (200,000), may turn out to be the final nail in the interest rate coffin.

The markets will be open this Friday for a half-day session.

6 of our 10 ETFs in the Spotlight squeezed out a gain in this non-directional session. Leading to the upside was Healthcare (XLV) with +0.54%, while the Global 100 (IOO) slipped -0.09%.

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