Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 03/05/2015

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, March 5, 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 +3.73% keeping us in the market with our established positions.

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Swinging Back Into Positive Territory

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Major indexes broke their two day losing streak today. All of them closed in positive territory, pushed higher by updated news of the euro zone’s quantitative easing program.

The ECB will officially begin a 1 trillion euro bond-buying program on March 9th. President Mario Draghi indicated during a press conference today that he expects the mother of all stimulus programs to carry on through September of 2016. Following that comment, he also raised regional growth forecasts from for 2015 and 2016.

Costco (CSCO) was back in headlines today after announcing better than expected quarterly profits. The company said net income rose to $598 million for Q2. While they are going through some restructuring regarding their exclusive credit card agreement with American Express (AMEX), they continue to keep raking in profits regardless.

9 of our 10 ETFs in the Spotlight recovered and headed higher with SPLV taking the lead sporting a 0.63% gain. Trailing the bunch was IOO with a -0.18% loss. No new highs were made.

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Indexes Pull Back

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Wall Street this week is getting a mix of job-related data that will shed light on whether the stormy winter weather, West Coast port strike and continued troubles in the oil patch took a bite out of the U.S. job-creation machine in February. It is disappointing overall, given that all 3 major indexes were at record levels to start out the week.

In fast food news, McDonalds (MCD) made a move today that could influence the way chicken is produced and consumed in the U.S. The company said that over the next two years it will stop using chicken treated with antibiotics commonly used for humans. What’s the big deal you may ask? Well, antibiotic use with poultry, cattle and hogs has become a hot button issue with consumers. The result can be that germs become more drug resistant and, ultimately, the antibiotics can lose effectiveness in treating human illnesses.

In oil markets, Brent crude traded around $60 per barrel today after Saudi Arabia raised its official selling prices for its oil deliveries to Asia and the U.S. on Tuesday. In the past seven weeks, Brent crude has risen from a six-year low of around $45, despite global oversupply concerns.

9 of our 10 ETFs in the Spotlight slipped and closed lower. Bucking the trend was healthcare (XLV), which actually gained +0.48% despite the lack of upward momentum.

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Equities Fall Led By Tech Stocks

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Just a day after the Nasdaq hit its highest mark in 15 years the markets turned downward. The S&P 500, Dow and Nasdaq all retreated from record highs.

We saw some great numbers come in for auto sales in the month of February. Apparently, big snowfall and freezing temperatures had little impact on the industry’s sales. Almost all major auto manufacturers reported gains, especially Toyota Motor (TM).

Best Buy (BBY) was back in the news today after reporting a revenue increase of 1.3% for the fourth quarter of 2014. Big screen TVs and mobile phones sales were particularly strong and were noted as the primary drivers of the company’s year-over-year revenue growth. Shares gained 1.2% in afternoon trading.

In M&A news, Springleaf Holdings said it will buy Citigroup’s OneMain Financial for $4.25 billion in cash. LEAF’s stock gained about 30% on the news.

In international news, keep an eye on China’s indexes. The country’s ceremonial legislature starts its annual session on Thursday and is expected to announce a growth target for 2015.

All of our 10 ETFs in the Spotlight headed south and closed lower with SPLV showing the most resistance towards today’s slide (-0.21%).

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March Greets Investors With A Spring Sprint

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Markets were in a tizzy today because the Nasdaq closed above 5,000 for the first time since 2000. In addition, the dollar has been raging upwards in valuation over the past couple of months and closed today at an 11 year high on expectations that the Fed may raise interest rates later this year. However, the exact date remains a mystery, as it has been for the past year.

The international bulls continue to charge forward it seems, pushing on from a record breaking February. Today, stock prices were propelled higher due to news from China that there was a surprise cut in interest rates from the country’s central banks, which was unexpected. According to Reuters, the rate cut shaved a quarter point off benchmark lending and deposit rates, less than four months after the last reduction. The cut was sooner than many economists and analysts expected.

In the world of retail, Costco (COST) officially named Citigroup (C) and Visa (V) as the new partners of its credit card program after the deal with American Express (AMEX) expires next year. The agreement will take effect as of April 1, 2016. Citi will be the exclusive issuer of credit cards and Visa will provide all inclusive network support. Financial terms of the agreements were not disclosed. However, Costco said it would provide additional information to its members in the coming months.

9 of our 10 ETFs in the Spotlight joined the surge late in the day and closed higher with Consumer Discretionaries (XLY) leading the way. 4 of them made new highs for the year.

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ETFs/Mutual Funds On The Cutline – Updated Through 02/27/2015

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 410 ETFs, of which currently 291 (last week 287) 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. 51 ETFs (last week 50) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 459 (last week 459) above the line and 361 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.