ETFs/Mutual Funds On The Cutline – Updated Through 12/4/2015

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 110 (last week 120) 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. 18 ETFs (last week 20) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 293 (last week 330) above the line and 507 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 (if embedded link does not work, use: https://theetfbully.com/Tables/MFCutline12042015.pdf

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 Fed Rate Hike Be Positive For Equities?

Ulli Market Review Contact

ManAt the upcoming December 15-16 FOMC meeting, Fed Chair Janet Yellen is likely to reiterate what she said at the Congressional testimony which is that the economy is expanding at a moderate pace and they made significant improvement in terms of reaching full-employment, said Michelle Meyer, deputy head of US economics at Bank of America Merrill Lynch.

Inflation is so low they think conditions warrant the beginning of the cycle. But really the conversation is how the path would look like. And that really still sounds pretty cautious. Yellen’s latest comments suggest that there’s really no promise in terms of how quickly the Fed’s going to hike rates.

Policymakers do want to see an environment where inflation is starting to pick up, and they want to have confidence that some of the downside risks from abroad have truly abated. So while they go in December, there will be a question about how quickly the cycle ends up looking, she noted.

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New ETFs On The Block: IQ Leaders GTAA Tracker ETF (QGTA)

Ulli International ETFs Contact

91551519IndexIQ, the New York based asset manager that launched the world’s first liquid alternative exchange traded fund that replicated hedge fund strategies, recently unveiled another unique investment methodology to expand their offerings in the alternatives/multi-assets category.

The newly launched IQ Leaders GTAA Tracker ETF (QGTA) aims to match the performance of leading global allocation mutual funds.

QGTA tracks a proprietary index developed in-house, the IQ Leaders GTAA Index. The index, in turn, tries to replicate the performance of the 10 leading global allocation mutual funds based on fund performance and asset size. However, the new ETF does not invest in the mutual funds itself; rather it invests in a portfolio of highly liquid and low-cost ETFs which, when considered in entirety, replicates the aggregate performance of the mutual funds.

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ETF/No Load Fund Tracker Newsletter For December 4, 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-12032015/

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Market Commentary

MARKETS PLOW HIGHER HEADING INTO SECOND WEEK OF DECEMBER

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

This week ended with a huge gain across the board. All major indexes gained more than 2% Friday to round out a very volatile week as the chart shows. December has traditionally been a favorable month for the stock market, and today’s gains show signs that the present could align with the past.

Earlier this week, I mentioned that investors would be awaiting Friday’s jobs report. Well, the numbers came in for November and they were impressive to say the least. The economy added 211,000 jobs in November, topping expectations of 200,000 and reaffirming the strength of the U.S. labor market and the economy. Also, the nation’s unemployment rate remained unchanged at 5%, which was in line with expectations.

The strong jobs growth adds even more reaffirmation that the Fed will hike interest rates later this month. But, one can never be certain in regards to how or when they will make a move.

There was no major news in the world of M&A today, apart from the fact that there is still speculation that Yahoo (YHOO) may be bought out sometime in 2016.

The price of U.S. Crude Oil fell slightly, but remains around $40 a barrel and there is no imminent sign that it will increase before 2016.

All of our 10 ETFs in the Spotlight participated in today’s snap rebound and closed higher. Sporting the best gain was Healthcare (XLV) with +2.35% while the Mid-Cap Value (IWS) lagged with +1.37%.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/03/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, December 3, 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 -0.26%, which means we are in cash on the sidelines.

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Markets Melt On ECB Results; Renminbi Now Elite; Domestic TTI Goes Negative

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The S&P 500 index dropped back into the red for 2015, and the Dow ended down 252 points at 17,478 today after the ECB announced fresh stimulus efforts that didn’t meet the lofty expectations of investors.

It was all about Europe today, as ECB President Mario Draghi failed to deliver on the market’s hopes for a steep interest rate cut. The failure to give the EU market the amount of stimulus it hoped for caused the euro to spike against the dollar, a development that hinders the ECB’s ability to jump-start growth and boost “dangerously” low inflation. Let us not forget that a stronger euro makes European exports more expensive and less competitive.

On to China. China’s government praised this week’s decision by the IMF to add the yuan to the world’s elite reserve currencies, saying it was recognition of the government’s decades-long effort to reform its economy. The move by the IMF on Monday comes as China is at economic and financial crossroads. Slowing growth has pushed the ruling communist party to jettison the state-led development model and to advocate for a more market-driven, less interventionist system. The yuan will join the reserve currencies on Oct. 1, 2016, bringing the total number of currencies to five, along with the Japanese yen, U.S. dollar, British pound and euro.

Wall Street on Friday is poised for the November employment report. If the U.S. economy continued to create jobs at a solid pace last month, after producing a better-than-expected 271,000 jobs in October, it will likely cement a Fed rate hike on Dec. 16, barring any shocks between now and then.

To no surprise, all of our 10 ETFs in the Spotlight slipped with the indexes and closed lower. Healthcare (XLV) took top billing with -2.19% while Consumer Staples (XLP) showed the most stability by surrendering only -0.52%.

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