Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/02/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, July 2, 2015

TOC021915

If you are not familiar with some of the terminology used, please see the Glossary of Terms.

 

1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 10/22/2014

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 above its long term trend line (red) by +1.06% keeping us in the market with our established positions.

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Market Commentary Delayed

Ulli ETF Tracker Contact

I will post today’s market commentary as part of the weekending ETF Tracker, which will be published and emailed tomorrow.

Happy 4th of July!

Ulli…

Data Overshadows Greece

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

To heck with Greece is what Wall Street muttered today and returned the focus back on domestic economic data. The major indexes managed to build on yesterday’s rebound and closed up higher despite a mid-day pullback.

The Greek saga continues to play in the background with its upcoming referendum on Sunday to let the people decide on the austerity demands of the creditors. New bailout deals are hitting the news wires every so often but are usually denied within a short time frame. I think next week will bring some clarity as to the future of Greece’s alliances.

This morning’s ADP payroll report was better than expected, which bodes well for tomorrow’s payroll numbers. That provided some of the firepower supporting today’s move higher.

All of our 10 ETFs in the Spotlight joined the rebound and closed up. Leading the charge was the Low Volatility S&P (SPLV) with a gain of 1.46%. The laggard was the MC Value (IWS), which added 0.49%.

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Equities End See-Saw Session On The Plus Side

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

After yesterday’s downside debacle, it was only fitting to see some kind of a rebound attempt even though it was not nearly enough to make a dent in the losses the indexes sustained. It was nothing more than a “hope” rally with the latest news out of Greece being vague and non-inspiring to say the least.

The S&P 500 lost 2.1% for the month and ended its nine-quarter winning streak. While the index remains in the green year-to-date, the Dow on then other hand is in the red by 1.1%.

Greek news continues to dominate the headlines as Greece missed a $1.7 billion payment to the IMF, which was due today. On the menu is the scheduled referendum for July 5, with the population having the opportunity to make their voice heard in regards to Greece remaining in the eurozone. No matter what the outcome, it could be a wild upcoming week in the markets, so be prepared and know where your sell stops are and be ready to execute them should they be triggered.

With a predominately sideways pattern, 7 of our 10 ETFs in the Spotlight managed to inch up led by Consumer Discretionaries (XLY) sporting a 0.47% gain, while on the losing side the Global 100 (IOO) fared the worst by giving back another 0.33% on top of yesterday’s steep losses.

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Major Indexes Drop—Trend Tracking Indexes (TTIs) Remain On The Bullish Side

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Compared to the rest of the world, the domestic indexes held up fairly well as Greece’s negotiations unraveled as its local banks along with their stock market were closed. Nevertheless, the S&P 500 had its worst one-day showing in 2015.

It was a bad news day all the way around as Greece’s Prime Minister made a surprise announcement over the weekend by calling for a referendum on July 5 to let his people decide as to whether to accept the offered reform packages by its lenders or not. These developments hit the European markets especially hard with the German DAX losing 3.56% while all Asian markets ended in the red as well.

Not helping matters was shaky news out of China and words from the Puerto Rico governor that the U.S. commonwealth is facing a financial crisis due to its $70 billion muni debt problem, which it can’t pay back.

With today’s broad pullback, all of our 10 ETFs in the Spotlight succumbed to the bearish forces. Leading the downside was Healthcare (XLV), which surrendered 2.42% while Consumer Staples (XLP) held up best under the circumstances by giving back only 1.55%.

Please see section 3 below for today’s effect on our Trend Tracking Indexes (TTIs).

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ETFs/Mutual Funds On The Cutline – Updated Through 06/26/2015

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 410 ETFs, of which currently 240 (last week 267) 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. 35 ETFs (last week 47) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 539 (last week 578) above the line and 281 below it out of the 820 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.